Calculate Nazeer's monthly UIF contribution if his annual salary is R130,000 and the UIF contribution rate is 1%.

April 21, 2026Accounting

ScanSolve AI Answer

April 21, 2026

Answer

R108,33

Step 1: Calculate Nazeer's monthly gross salary. Nazeer's annual salary is R130 000,00. To find his monthly salary, divide the annual salary by 12 months. $Monthly Salary = \frac{Annual Salary}{12}$ $Monthly Salary = \frac{R130\,000,00}{12}$ $Monthly Salary = R10\,833,33$

Step 2: Calculate Nazeer's monthly UIF contribution. The UIF contribution is typically 1% of the gross remuneration. $UIF Contribution = 1\% \times Monthly Salary$ $UIF Contribution = \frac{1}{100} \times R10\,833,33$ $UIF Contribution = R108,33$

Nazeer's monthly UIF contribution is $\boxed{R108,33}$ .

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Quick Answer

Calculate Nazeer's monthly gross salary. Nazeer's annual salary is R130 000,00.

Asked on April 21, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

ScanSolve AI AnswerAnswered on April 21, 2026

Step 1: Calculate Nazeer's monthly gross salary. Nazeer's annual salary is R130 000,00. To find his monthly salary, divide the annual salary by 12 months. Monthly Salary = Annual Salary12 Monthly Salary = R130\,000,0012 Monthly Salary = R10\,833,33 Step 2: Calculate Nazeer's monthly UIF contribution. The UIF contribution is typically 1% of the gross remuneration. UIF Contribution = 1\% × Monthly Salary UIF Contribution = (1)/(100) × R10\,833,33 UIF Contribution = R108,33 Nazeer's monthly UIF contribution is R108,33. Send me the next one 📸