Banking, Interest, and Taxation (Grade 11 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does UIF stand for?
What does UIF stand for?
Unemployment Insurance Fund
What percentage of gross salary does an employee contribute to UIF each month?
What percentage of gross salary does an employee contribute to UIF each month?
1%
What is the total combined UIF contribution (employee and employer) as a percentage of gross salary?
What is the total combined UIF contribution (employee and employer) as a percentage of gross salary?
2%
What is the UIF ceiling salary amount per month?
What is the UIF ceiling salary amount per month?
R12,478.00
What is the maximum UIF deduction an employee can pay per month?
What is the maximum UIF deduction an employee can pay per month?
R124.78
Calculate the employee's UIF for a gross salary of R8,000.00 per month.
Calculate the employee's UIF for a gross salary of R8,000.00 per month.
R80.00
Calculate the employee's UIF for a gross salary of R15,000.00 per month.
Calculate the employee's UIF for a gross salary of R15,000.00 per month.
R124.78
Who contributes to the UIF?
Who contributes to the UIF?
Both employee and employer
What is gross salary?
What is gross salary?
Total earned before deductions
Calculate the employee's UIF for a gross salary of R10,000.00 per month.
Calculate the employee's UIF for a gross salary of R10,000.00 per month.
R100.00