Questions and Answers
What is the total amount earned in a month, including salary, overtime, bonuses, etc. called?
What is the purpose of UIF (Unemployment Insurance Fund) deductions?
What is the formula to calculate Net Salary?
What is the correct order to calculate income tax?
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What type of expenses do not reduce taxable income?
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What is the purpose of deduction tables?
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What is Taxable Income?
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What is the difference between Tax-Deductible Deductions and Non-Tax Deductible Expenses?
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What is the purpose of a tax bracket?
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What is the primary purpose of an IRP5 form?
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What is the result of calculating the taxable income?
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What is the purpose of PAYE?
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What is the total UIF contribution?
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What is the tax threshold for individuals younger than 65?
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What is the purpose of a tax rebate?
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What is the primary rebate amount for individuals?
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What is the purpose of calculating the net salary?
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What is the next step after calculating the taxable income?
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What is the purpose of subtracting deductions from gross salary?
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What is the main difference between tax-deductible deductions and non-tax deductible expenses?
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What is the purpose of income tax formulas?
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What type of income is subject to income tax?
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What is the relationship between gross income and taxable income?
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What is the purpose of medical aid deductions?
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What type of deductions are loan repayments?
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What is the result of calculating net salary?
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What is the purpose of using tax tables?
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Which of the following is NOT a type of tax rebate?
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What is the tax threshold for individuals aged 65-75?
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What is the purpose of deducting PAYE from an employee's salary?
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What is the result of applying the tax bracket formula?
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What is the purpose of calculating the annual tax?
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What is the relationship between the tax threshold and tax rebate?
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What is the purpose of obtaining an IRP5 form from each employer?
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What is the result of subtracting all deductions from the gross salary?
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What is the purpose of calculating the taxable income?
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What is the primary purpose of calculating the taxable income?
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Which of the following deductions is NOT a tax-deductible expense?
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What is the relationship between the gross income and taxable income?
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What is the purpose of using income tax formulas?
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What is the difference between a tax rebate and a tax threshold?
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What is the primary purpose of deducting UIF from an employee's salary?
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What is the relationship between the net salary and gross salary?
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What is the purpose of using deduction tables?
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What is the purpose of identifying the correct tax bracket?
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What is the result of deducting applicable rebates from the annual tax?
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What is the purpose of dividing the net annual tax payable by 12?
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What is the effect of tax-deductible deductions on the gross salary?
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What is the purpose of subtracting the total deductions from the gross salary?
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What is the relationship between the tax threshold and tax rebate?
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What is the purpose of using the SARS tax tables?
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What is the effect of a tax rebate on the annual tax payable?
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What is the purpose of calculating the taxable income?
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What is the result of applying the PAYE system?
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