how uif is calculated in south africa?
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UIF is calculated as 2% of an employee's remuneration for UIF purposes, split evenly between the employee and employer, i.e. 1% contributed by the employee and 1% contributed by the employer. ... The total UIF contribution (employee + employer) must be paid monthly based on the amounts contained in the EMP201 and UI-19.
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['Go to the MPESA menu.', 'Choose the Pay Bill option.', 'Type in the GOtv Paybill number 423655 as the business number.', 'Enter the IUC number (This is the number on the red sticker at the bottom of the decoder) as the account number.', 'Type in your subscription amount.', 'Enter your Safaricom PIN number and complete the transaction.']
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The so-called UEFA coefficients are calculated by taking an average, based on the total number of points divided by the total number of teams of each country. See the country coefficients of 2012 for an example of such a calculation. The UEFA country ranking is computed by the sum of 5 coefficients in the last 5 years.
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First, calculate one-sixth of your earnings over €352.01. Then subtract this from the maximum credit of €12 to get your PRSI credit. Then calculate the basic PRSI charge at 4% of your earnings. Finally, deduct your PRSI credit from the PRSI charge.
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['SPI = ΣCiGi / ΣCi = 220/30 = 7.33.', 'Similarly CPI (cumulative performance index) will be calculated by same formulae, but for the sum of being over all the courses taken in current and preceding semester. ... ', 'Class and Distinction etc. will be awarded for the degree on the bases of CPI.']
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The basic admission requirements are: An endorsed National Senior Certificate (NSC) issued by the South African Certification Council. An AP score of 30+ A minimum of 60% (level 5) obtained in the NSC in the UFS language of tuition of their choice.
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If you make R 240,000 a year living in South Africa, you will be taxed R 34,297. That means that your net pay will be R 205,703 per year, or R 17,142 per month. Your average tax rate is 14.29% and your marginal tax rate is 26.00%.
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['Four points are awarded for a win.', 'Two points are awarded for a draw.', 'A try bonus point is awarded for scoring four or more tries in a match.', 'A losing bonus point is awarded for losing by seven or fewer points.']
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You can calculate FCFE from EBITDA, by subtracting from it interest, taxes, change in net working capital. It is a measure of a company's liquidity and its ability to meet short-term obligations as well as fund operations of the business. The ideal position is to, and capital expenditures – and then add net borrowing.
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['Estimating the standard deviation, σ, of the sample data.', 'Multiplying that number by three.', 'Adding (3 x σ to the average) for the UCL and subtracting (3 x σ from the average) for the LCL.']
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Low to medium complexity: A quality low to medium complexity mobile app built in South Africa will cost between R225,000 and R650,000.
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Interest for a Voluntary Provident Fund is calculated monthly based on the opening balance of each month. This opening balance includes both EPF – employee's and employer's contribution and VPF. ... 15000 as her contribution to Harish's EPF account. Also, the VPF interest rate in 2020 is 8.5% per annum.
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Ways to claim UIF benefits First is to gather all the essential documents together. Well, the documents include a passport or 13-digit bar-coded ID, form UI-2.8 for banking details, form UI-19, and a proof of registration as a work-seeker.
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['P.V.F = Present Value Factor.', 'r = Discount Rate.', 'n = Number of years.']
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Interest on the Employees' Provident Fund (EPF) is calculated on the contributions made by the employee as well as the employer. Contributions made by the employee and the employer equals 12% or 10% (includes EPS and EDLI) of his/her basic pay plus dearness allowance (DA).
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It can be calculated as follows: NNPfc is defined as the measure of the factor earnings of the residents of a country, both from economic territory and abroad. Therefore, NNPfc is equal to national income of country.
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['FCFF = (EBITDA – Interest)*(1-T) + Interest*(1-T) + NWC – Capex.', 'FCFF = (100 – 5) * (1 – 0.25) + 5 * (1 – 0.25) + 15 – 20.']