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Calculate Moosa's total annual UIF contribution if his annual income is R145,215.00 and both employee and employer contribute 1% each.
Accounting
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3 stepsCalculate Moosa's individual annual UIF contribution (employee's share).
Moosa's annual income is R145 215,00. The UIF contribution is 1% of the gross remuneration.
Calculate the employer's annual UIF contribution.
The employer also contributes 1% of the employee's gross remuneration to UIF.
Calculate the total annual UIF contribution.
The total annual UIF contribution is the sum of the employee's and employer's contributions.
The total annual UIF contribution based on Moosa's income is .
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