Question: Help with 1,1,7 QUESTION 1 1.1 Mr A Johnson receives his salary slip below. Study his slip to answer the questions that follow. TABLE 1:
Help with 1,1,7
QUESTION 1 1.1 Mr A Johnson receives his salary slip below. Study his slip to answer the questions that follow. TABLE 1: MR. A.JOHNSON: SALARY SLIP Multi-tanks SA 209 Robert Road Industrial Employee: Mr. A. Johnson Pay date: 6 June 2020 ID number: 600610 5806 08 0 Pay cycle: monthly Bank details: ABC bank Tax number: 0244160775 Valley Center Acc # 234987 Earnings Amount Deductions Amount Basic salary R12 790,00 UIF (A) 1.1.1 Who is Mr. Johnson's employer? (2) 1.1.2 For what does the abbreviation UIF stand? (2 ) 1.1.3 Calculate the UIF (the missing value A) on Mr. Johnson's salary. (2) 1.1.4 During the COVID-19 pandemic Mr. Johnson's salary was reduced by 40%. What will be his new salary? (2) 1.1.5 How will his reduced income affect his buying power? (2) 1.1.6 During the lockdown Mr. Johnson was able to buy Sunlight Liquid at a reduced price of R21,50, after it had been marked down by 20%. Determine the original price before the discount. (2) 1.1.7 Mr. Johnson's sister sends him $400. How much would this be in rand if the exchange rate is 1 South African Rand = $0,046? (2)Step by Step Solution
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