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Calculate the total UIF payable to SARS for four employees, considering the monthly ceiling and contribution rates.
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Step-by-step solution
2 stepsTo calculate the total UIF payable to SARS, we need to consider the UIF contribution rate and the monthly ceiling.
In South Africa, the UIF contribution is 2% of an employee's remuneration, with a monthly ceiling. This 2% is split equally: 1% is contributed by the employee and 1% by the employer. The employer is responsible for remitting the total 2% to SARS.
The question asks for the "total UIF payable to SARS every month for these four employees".
The monthly UIF ceiling for remuneration is R17 712.
If we calculate the full 2% contribution for four employees:
UIF per employee (2%) =
Total UIF for 4 employees (2%) =
This amount is not among the given options.
Given the options, it is highly probable that the question is asking for the total of either the employee's 1% contributions or the employer's 1% contributions for all four employees, as both yield the same numerical result and lead to one of the options.
Calculate the UIF contribution for one component (e.g., the employee's portion or the employer's portion) per employee, up to the ceiling.
The UIF rate for one component (employee or employer) is 1%.
\text{UIF contribution per employee (1%)} = \text{Monthly UIF ceiling} \times \text{UIF rate (1%)}\text{UIF contribution per employee (1%)} = \text{R}17\,712 \times 0.01\text{UIF contribution per employee (1%)} = \text{R}177.12Calculate the total UIF payable for four employees based on this 1% rate.
\text{Total UIF payable for 4 employees} = \text{UIF contribution per employee (1%)} \times \text{Number of employees}This matches option d.
The final answer is .
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