Unit 1: Financial Document, Taxation and tariff systems [2 hours 30 minutes]

Introduction

The following areas will be focused on in this unit of study:

  • Financial documents relating to personal / household / work place / business
  • Income tax, VAT, UIF and personal income tax
  • Tariff systems.
Learning outcomes

By the end of this unit, you should be able to:

  • Work with VAT in the context of purchases, slips and bills
  • Work with UIF in the context of payslips
  • Work with payslips, income tax brackets, income tax formulae and tax deductions.
Unit 1 instructions
  • Review your topics covering the theory of unit 1
  • Review the link resources included
  • Complete all of the activities in unit 1
  • Complete your answers in electronic format using either a Word document or a Spreadsheet. Save your document / spreadsheet in the following format: Full name_Unit 1
  • Please note that the SAME document / spreadsheet¬†will be used for ALL the activities in unit 1. Number your activities clearly. At the end of unit 1, your document / spreadsheet containing all the relevant activities will be submitted using the submission tool below
  • Submission instructions are included