ACTIVIT 3 R4 558 is a total anmual UIF contribution of one of the employee at Keitumetse Company who is registered for UIF purposes. One UIF conditions: Employer and employee each contributes \( 1 \% \) of monthly salary Source:FS GRADE 11 TEST SEPT 2019 Use the information abore to answer the following questions. 3.1 What does the abbreviation UIF stand for? (2) 3.2 Determine the monthly salary of an employee working at Keitumetso Company whose total annual UIF contribution is R4 558 . (5) 3.3 Give one condition to beacfit (i.e. circumstances that enable a person financial relief) from contributing to the UIF. (2) 3.4 Pizza shop purchased 11 pizan bags from Rammone. If One bag cost R45,95 price including VAT at \( 15 \% \). 3.4.1 Caleulate the price excluding VAT for 11 bugs purchased. (4)

The abbreviation UIF stands for the Unemployment Insurance Fund, which is a South African government program designed to support employees who lose their jobs or are unable to work due to maternity or illness. This fund serves as a safety net, offering financial assistance to individuals during challenging times. To calculate the monthly salary based on the annual UIF contribution, you first find the annual contributions made by the employer and employee combined, which is 2% of the employee's salary. The annual contribution of R4,558 divided by 2% gives you R227,900 as the total annual salary. Dividing that by 12 months results in a monthly salary of about R18,991.67. In terms of benefiting from the UIF, one condition to be eligible for financial relief includes being retrenched or dismissed from work. Unfortunately, simply resigning does not qualify an employee for UIF benefits, ensuring that the support is directed toward those who truly need assistance. To calculate the price excluding VAT for 11 pizza bags bought at R45.95 each, first find the total cost of the bags: \( 11 \times R45.95 = R505.45 \). To exclude VAT, use the formula: Total Cost ÷ (1 + VAT Rate). Here, that's \( R505.45 ÷ 1.15 ≈ R439.52 \). So, the price excluding VAT is approximately R439.52 for the 11 bags.