Gr 11 Math Lit: Ch 3.4 Taxation

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What is the main purpose of UIF?

To provide financial support to individuals who are self-employed
To provide financial support to employees who are still employed
To provide financial support to employers who are struggling
To provide financial support to employees who lose their jobs (correct)

What is the percentage of employee's contribution to UIF?

2%
0.5%
1% (correct)
5%

What is the total contribution to UIF from both the employee and employer?

2% of gross salary (correct)
1% of gross salary
3% of gross salary
4% of gross salary

What is the salary ceiling for UIF?

R12,478.00 per month (B) Signup and view all the answers

What is the maximum UIF amount that can be deducted from an employee's salary?

R124.78 (C) Signup and view all the answers

What is the formula to calculate the employee's contribution to UIF?

1% × gross salary (C) Signup and view all the answers

What is the formula to calculate the total contribution to UIF?

2% × gross salary (C) Signup and view all the answers

Why is the UIF contribution capped at the salary ceiling?

To ensure that the UIF contribution remains capped at the amount calculated from the ceiling salary (C) Signup and view all the answers

If an employee's gross salary is R20,000 per month, how much will be deducted from their salary for UIF?

R124.78 (C) Signup and view all the answers

What is the purpose of the UIF salary ceiling?

To limit the amount of UIF deduction from employees' salaries (C) Signup and view all the answers

If an employer's gross salary is R15,000 per month, how much will they contribute to UIF on behalf of their employee?

R150.00 (C) Signup and view all the answers

What is the total UIF contribution from both the employee and employer if the gross salary is R10,000 per month?

R200.00 (A) Signup and view all the answers

What happens to an employee's UIF contribution if their salary exceeds the salary ceiling?

It is capped at the maximum UIF deduction (A) Signup and view all the answers

Why is the UIF important for employees?

It provides financial support to employees who lose their jobs (B) Signup and view all the answers

What is the effect of the UIF salary ceiling on the employee's UIF contribution?

It caps the UIF contribution (D) Signup and view all the answers

How does the UIF contribution from the employer affect the employee's UIF contribution?

It has no effect on the employee's UIF contribution (C) Signup and view all the answers

What is the primary function of the salary ceiling in UIF?

To ensure that UIF contributions are capped at a certain amount (A) Signup and view all the answers

If an employee's gross salary is R15,000 per month, what is the total UIF contribution from both the employee and employer?

R300.00 (A) Signup and view all the answers

What is the impact of the UIF salary ceiling on the employee's UIF contribution?

It maintains the employee's UIF contribution at a certain level (B) Signup and view all the answers

Why is it important to calculate the UIF contribution based on the gross salary?

To ensure that the UIF contribution is based on the total income earned (C) Signup and view all the answers

What is the purpose of the employer's contribution to UIF?

To contribute to the overall UIF fund (D) Signup and view all the answers

If an employee's gross salary is R12,500 per month, how much will they contribute to UIF?

R124.78 (A) Signup and view all the answers

What is the effect of the UIF contribution on the employee's take-home pay?

It decreases the employee's take-home pay (D) Signup and view all the answers

Why is the UIF contribution important for employees?

It provides financial support to employees in case of unemployment (C) Signup and view all the answers