Hi Sheri:
Many teachers like awarding extra credit, and many more will not allow it - it seems to be a fairly controverserial grading choice. I'll stay out of that discussion.
I will add that our focus is on the learning that occured, more so than grades and points, although I recognize that it's the most common way we measure whether learning has occured. As teachers, part of our responsibility is to determine to what degree student learning has occured. Some weight for extra work that demonstrates learning probably can't hurt. Too much weight on EC may artificailly suggest the student is performing at an unnaturally higher level. In some trades, this could disastrous!
Regards, Barry