Gr 11 Math Lit: Ch 3.4 Taxation
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Questions and Answers

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?

    <p>R12,478.00 per month (B)</p> Signup and view all the answers

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

    <p>R124.78 (C)</p> Signup and view all the answers

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

    <p>1% × gross salary (C)</p> Signup and view all the answers

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

    <p>2% × gross salary (C)</p> Signup and view all the answers

    Why is the UIF contribution capped at the salary ceiling?

    <p>To ensure that the UIF contribution remains capped at the amount calculated from the ceiling salary (C)</p> 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?

    <p>R124.78 (C)</p> Signup and view all the answers

    What is the purpose of the UIF salary ceiling?

    <p>To limit the amount of UIF deduction from employees' salaries (C)</p> 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?

    <p>R150.00 (C)</p> 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?

    <p>R200.00 (A)</p> Signup and view all the answers

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

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

    Why is the UIF important for employees?

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

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

    <p>It caps the UIF contribution (D)</p> Signup and view all the answers

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

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

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

    <p>To ensure that UIF contributions are capped at a certain amount (A)</p> 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?

    <p>R300.00 (A)</p> Signup and view all the answers

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

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

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

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

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

    <p>To contribute to the overall UIF fund (D)</p> Signup and view all the answers

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

    <p>R124.78 (A)</p> Signup and view all the answers

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

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

    Why is the UIF contribution important for employees?

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

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