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Arty Starty CC is a small corner store that specialises in arts and crafts. It has only two employees: Elizabeth Brown, the 42-year-old general manager who runs the store during the day and is responsible for all stock control and marketing; and Joan Grey, a 68-year-old assistant who works shorter evening shifts and does the books of the business as well. Elizabeth earns a flat salary of R18, 000 a month, and Joan's salary is a fixed R9, 500. 1.1 What would Elizabeth's PAYE deduction be for the month of January 2022? (Max. 3 lines) Start writing here: 1.2 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.3 What would Joan's PAYE deduction be for the same period? (Max. 3 lines) Start writing here: 1.4 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.5 Are there any other monthly deductions or contributions that would apply to the employer, Arty Smarty CC? Explain your answer, with figures where appropriate. (Max. 6 lines) Start writing here:

Arty Starty CC is a small corner store that specialises in arts and crafts. It has only two employees: Elizabeth Brown, the 42-year-old general manager who runs the store during the day and is responsible for all stock control and marketing; and Joan Grey, a 68-year-old assistant who works shorter evening shifts and does the books of the business as well. Elizabeth earns a flat salary of R18, 000 a month, and Joan's salary is a fixed R9, 500. 1.1 What would Elizabeth's PAYE deduction be for the month of January 2022? (Max. 3 lines) Start writing here: 1.2 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.3 What would Joan's PAYE deduction be for the same period? (Max. 3 lines) Start writing here: 1.4 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.5 Are there any other monthly deductions or contributions that would apply to the employer, Arty Smarty CC? Explain your answer, with figures where appropriate. (Max. 6 lines) Start writing here:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Arty Starty CC is a small corner store that specialises in arts and crafts. It has only two employees: Elizabeth Brown, the 42-year-old general manager who runs the store during the day and is responsible for all stock control and marketing; and Joan Grey, a 68-year-old assistant who works shorter evening shifts and does the books of the business as well. Elizabeth earns a flat salary of R18, 000 a month, and Joan's salary is a fixed R9, 500. 1.1 What would Elizabeth's PAYE deduction be for the month of January 2022? (Max. 3 lines) Start writing here: 1.2 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.3 What would Joan's PAYE deduction be for the same period? (Max. 3 lines) Start writing here: 1.4 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.5 Are there any other monthly deductions or contributions that would apply to the employer, Arty Smarty CC? Explain your answer, with figures where appropriate. (Max. 6 lines) Start writing here:
Transcribed Image Text:Arty Starty CC is a small corner store that specialises in arts and crafts. It has only two employees: Elizabeth Brown, the 42-year-old general manager who runs the store during the day and is responsible for all stock control and marketing; and Joan Grey, a 68-year-old assistant who works shorter evening shifts and does the books of the business as well. Elizabeth earns a flat salary of R18, 000 a month, and Joan's salary is a fixed R9, 500. 1.1 What would Elizabeth's PAYE deduction be for the month of January 2022? (Max. 3 lines) Start writing here: 1.2 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.3 What would Joan's PAYE deduction be for the same period? (Max. 3 lines) Start writing here: 1.4 What would her UIF deduction be? (Max. 3 lines) Start writing here: 1.5 Are there any other monthly deductions or contributions that would apply to the employer, Arty Smarty CC? Explain your answer, with figures where appropriate. (Max. 6 lines) Start writing here:
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