Payslips, Deductions, and Tax (Grade 12 NSC Matric Mathematical Literacy): Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What percentage of an employee's monthly salary do they contribute to UIF?
What percentage of an employee's monthly salary do they contribute to UIF?
1%
What does PAYE stand for?
What does PAYE stand for?
Pay As You Earn
What is the total UIF contribution (employee + employer) as a percentage of salary?
What is the total UIF contribution (employee + employer) as a percentage of salary?
2%
What is the formula for calculating net pay?
What is the formula for calculating net pay?
Gross Income - Total Deductions
What is gross income?
What is gross income?
Total earned before deductions
What is the primary tax rebate for someone under 65 years in 2013/14?
What is the primary tax rebate for someone under 65 years in 2013/14?
R11,440 per year
How does a progressive tax system work?
How does a progressive tax system work?
Higher rates only on income above thresholds
What is the tax threshold for people under 65 in 2013/14?
What is the tax threshold for people under 65 in 2013/14?
R63,550 per year
If normal hourly rate is R85, what is overtime at time-and-a-half?
If normal hourly rate is R85, what is overtime at time-and-a-half?
R127.50
By law, who must receive a payslip each month?
By law, who must receive a payslip each month?
Every South African employee