QUESTION 1 Mr P. Arendse is an employee at a large company. The abbreviated salary advice below shows his monthly income and deductions, . . UIF is calculated at 1% of the gross salary. The maximum income amount on which the contribution may be calculated is R14 872 (ceiling amount) The Employer must pay the 1% UIF deduction from of the Employee as well as his contribution (also equal to 1%) over to the receiver of revenue Mr Arendse makes a monthly Pension fund contribution of 7,5% which is deducted from his basic salary Use the information above as well as the information in the table below to answer the questions that follow. Deductions Amount Income Tax R2 610,00 Income Amount Basic Salary R13 850 Housing R900,00 Allowance Pension R1 113,75 Medical Aid R1 430,00 UIF B Total deductions с Gross salary A Nett salary D 1.1.1 (4) Calculate A, the total gross salary and B the monthly UIF contribution which will be deducted from his gross salary Calculate the values of C and D. 1.1.2 (4)
Answers
Answered by
3
Answer:
HOPE IT IS USEFUL
PLEASE THANK ME AND MARK ME AS BRAINLIEST
Answered by
8
Given:
1. Gross salary A
A=13850+900
=14750
the monthly UIF B
B=14750×1%
=147.50
2. Total deduction C
C=6340
Net salary D
D=A-C
=147.50-6340
=8410
3. The total month UIF
147.50×2=295.00
Similar questions