Deductions (Grade 10 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is the term for the amount employees receive after all deductions are made from gross salary?
What is the term for the amount employees receive after all deductions are made from gross salary?
Net salary
Which contribution is deducted from an employee's salary each month?
Which contribution is deducted from an employee's salary each month?
Employee pension contribution only
How is taxable income calculated?
How is taxable income calculated?
Gross salary minus pension contribution
What is the key difference between PAYE and SITE?
What is the key difference between PAYE and SITE?
PAYE is monthly; SITE is annual
What percentage of ordinary time do employees contribute to UIF?
What percentage of ordinary time do employees contribute to UIF?
1%
Who pays the Skills Development Levy and at what rate?
Who pays the Skills Development Levy and at what rate?
Employer pays 1% of gross salaries/wages
If an employee contributes R200 to medical aid and employer contributes R1.50 per R1, what does employer pay?
If an employee contributes R200 to medical aid and employer contributes R1.50 per R1, what does employer pay?
R300
Can an employee be dismissed simply for being HIV-positive?
Can an employee be dismissed simply for being HIV-positive?
No, discrimination is not allowed
What form must employers submit monthly to SARS for PAYE, UIF, and SDL?
What form must employers submit monthly to SARS for PAYE, UIF, and SDL?
EMP 201 form
When is the IRP 5 form issued to employees?
When is the IRP 5 form issued to employees?
End of financial year (28 February)