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payslip for Mr Longbottom Payslip PO Box 14129 Date: 25 February 2017 Nolspruit 1200 Tax year 2016 icome Deductions asic salary R 20 044,14 Income

payslip for Mr Longbottom

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Payslip PO Box 14129 Date: 25 February 2017 Nolspruit 1200 Tax year 2016 icome Deductions asic salary R 20 044,14 Income tax(PAYE) ension fund mployer contribution) R 2 800,00 Pension fund contr pusing allowance R 1000,00 Bond payment (AB UIF: Group life insuran oss Income: A Total deductions Net income (pay mulative totals cable income R 360 529.68 YE R 42 384,48 Ise the payslip to answer the following questions: 2.1 Explain the meaning of the term gross income .2 What does abbreviation "UIF" stand for? 3 Calculate the values of A,B and C 4 Calculate Mr Longbottom's take home pay (net income)

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