Socio-Economic Factors in Study and Career Choices (Grade 10 NSC Matric Life Orientation): Flashcards

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Socio-Economic Factors in Study and Career Choices
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Socio-economic factors

Social (people) & economic (money) aspects affecting decisions

Bursary

Study money given to students, no repayment needed

Student loan

Money borrowed from bank, must be repaid with interest

Scholarship

Award for academic/sporting excellence, no repayment needed

Learnership

Earn money while learning, combines theory & practical work

Stereotyping

Believing unfairly all people with a trait are the same

Accessibility in education

How easy/difficult to access needed education & training

PAYE

Pay As You Earn - tax deducted monthly from salary

SITE

Standard Income Tax on Employees earning < R120,000/year

Income tax threshold in SA

Pay income tax if you earn more than about R35,000/year

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