2. Define the term nett salary. A. Salary before any deductions are taken out. B. Salary when deductions are taken out. C. Salary after deductions have been taken out. D. All of the above are correct. 3. Mrs. Ngomane transfers \( 4,5 \% \) of her nett salary into a savings account. Calculate the amount she transfers per annum. A. R107 224,2 B. R1 072,24 C. R23 827,65 D. R12 866,88

Let's break down the questions step by step. ### Question 2: Define the term nett salary. The term "nett salary" refers to the amount of money an employee takes home after all deductions (such as taxes, retirement contributions, and other withholdings) have been made from their gross salary. - **A. Salary before any deductions are taken out.** (Incorrect) - **B. Salary when deductions are taken out.** (Partially correct but not complete) - **C. Salary after deductions have been taken out.** (Correct) - **D. All of the above are correct.** (Incorrect) **Correct Answer: C. Salary after deductions have been taken out.** ### Question 3: Calculate the amount Mrs. Ngomane transfers per annum. To calculate the amount Mrs. Ngomane transfers into her savings account, we need to know her nett salary. However, since the nett salary is not provided, we will assume it is a variable \( S \). Mrs. Ngomane transfers \( 4.5\% \) of her nett salary into a savings account. The formula to calculate the amount transferred per annum is: \[ \text{Amount Transferred} = S \times \frac{4.5}{100} \] Now, let's calculate the amount for each of the provided options to see which one matches the calculation. 1. **Option A: R107,224.2** \[ \text{Amount Transferred} = 107224.2 \times \frac{4.5}{100} = 4825.09 \] 2. **Option B: R1,072.24** \[ \text{Amount Transferred} = 1072.24 \times \frac{4.5}{100} = 48.25 \] 3. **Option C: R23,827.65** \[ \text{Amount Transferred} = 23827.65 \times \frac{4.5}{100} = 1072.24 \] 4. **Option D: R12,866.88** \[ \text{Amount Transferred} = 12866.88 \times \frac{4.5}{100} = 579.01 \] Now, let's summarize the calculations: - A: R4825.09 - B: R48.25 - C: R1072.24 - D: R579.01 Since none of the calculations yield a direct match to the options provided, we need to find the nett salary that corresponds to the options given. Let's calculate the nett salary for each option based on the transfer amount of \( 4.5\% \): 1. **For Option A:** \[ S = \frac{107224.2}{0.045} = 2383855.56 \] 2. **For Option B:** \[ S = \frac{1072.24}{0.045} = 23838.76 \] 3. **For Option C:** \[ S = \frac{23827.65}{0.045} = 528383.33 \] 4. **For Option D:** \[ S = \frac{12866.88}{0.045} = 286,000.00 \] Since we are looking for the amount transferred per annum, we can conclude that the correct answer is: **Correct Answer: C. R23,827.65** (as it corresponds to the transfer amount calculated from the nett salary).