Taxation, Tariffs & Exchange Rates is one of 9 topics in the Grade 11 Mathematical Literacy CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
1. What is the standard VAT rate in South Africa, as a percentage?
2. A laptop costs R8,500 excluding VAT. Calculate the VAT-inclusive price, in Rand.
3. An employee earns a gross monthly salary of R18,000. UIF is deducted at 1% from the employee, matched by a 1% contribution from the employer. Calculate the TOTAL combined UIF contribution (both employee and employer) for this employee, in Rand.
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