Define employer, state one benefit of contributing to the UIF, and calculate B and the total UIF amount for M…

Question

Define employer, state one benefit of contributing to the UIF, and calculate B and the total UIF amount for M Ncubuka.

ScanSolve AI Tutor · Accepted Answer

Here are the solutions to the questions:

1.1.1 Explain the term employer

An employer is an individual or organization that hires and pays people (employees) to perform work or services.

1.1.2 State ONE benefit of contributing towards the UIF

One benefit of contributing towards the UIF (Unemployment Insurance Fund) is that it provides temporary financial relief to workers who become unemployed.

1.1.3 Calculate:

a) The value of B

Identify the components of the Total Gross Salary.
The Total Gross Salary is the sum of the amounts for Normal hours worked, Sunday hours, and Overtime hours.
From the table:
- Sunday hours amount: R 1 184,40
- Overtime hours amount: R 350,88
- Total Gross Salary: R 6 272,16
Set up the equation for Total Gross Salary.
$\text{Total Gross Salary} = \text{Amount for Normal hours (B)} + \text{Amount for Sunday hours} + \text{Amount for Overtime hours}$ $6272,16 = B + 1184,40 + 350,88$
Solve for B.
$B = 6272,16 - 1184,40 - 350,88$ $B = 6272,16 - 1535,28$ $B = 4736,88$
The value of B is R 4736,88.

b) The total UIF amount that must be paid on behalf of M Ncubuka to the Department of Labour
Determine the employee's gross salary.
From the table, the Total Gross Salary is R 6 272,16.
Calculate the employee's UIF contribution.
The note states that the employee contributes 1% of the gross salary for UIF.
$\text{Employee's UIF contribution} = 1\% \times \text{Gross Salary}$ $= 0,01 \times 6272,16$ $= 62,7216$ $\approx \text{R } 62,72$
Calculate the employer's UIF contribution.
The note states that the employer also contributes 1% of the employee's gross salary for UIF.
$\text{Employer's UIF contribution} = 1\% \times \text{Gross Salary}$ $= 0,01 \times 6272,16$ $= 62,7216$ $\approx \text{R } 62,72$
Calculate the total UIF amount paid on behalf of M Ncubuka.
The total UIF amount paid to the Department of Labour is the sum of the employee's and employer's contributions.
$\text{Total UIF amount} = \text{Employee's contribution} + \text{Employer's contribution}$ $= 62,7216 + 62,7216$ $= 125,4432$ $\approx \text{R } 125,44$
The total UIF amount that must be paid on behalf of M Ncubuka to the Department of Labour is R 125,44.

Define employer, state one benefit of contributing to the UIF, and calculate B and the total UIF amount for M Ncubuka.

Step-by-step solution

1.1.1 Explain the term employer

1.1.2 State ONE benefit of contributing towards the UIF

1.1.3 Calculate:

Identify the components of the Total Gross Salary.

Set up the equation for Total Gross Salary.

Solve for B.

Determine the employee's gross salary.

Calculate the employee's UIF contribution.

Calculate the employer's UIF contribution.

Calculate the total UIF amount paid on behalf of M Ncubuka.

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