Chapter 2 Flashcards

1
Q

Explain: STEREOTYPING

A

Believing that all people with a specific characteristic are the same.

Example: nursing is a woman’s job

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2
Q

One of the socio-economic factors affecting your choice of career is ACCESSIBILITY. Explain

A
  • is it close to where you live
  • if you travel, can you afford the transport costs
  • can it be studied online
  • if you do online studying, do you have access to a computer, etc
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3
Q

What is SARS

A

South African Revenue Services

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4
Q

Name the specific tax that everyone and all companies must pay on what they have earned and the profits they have made

A

income tax

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5
Q

What are the different ways you pay tax

A

SITE
PAYE
Provisional tax

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6
Q

If you earn more than …….. you have to pay income tax

A

R35,000

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7
Q

What is SITE?

A

Standard Income Tax on Employees

(Employees pay this if they earn less than R120k a year ; only have one employer)

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8
Q

What is PAYE?

A

Pay As You Earn

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9
Q

When do you pay PROVISIONAL TAX?

A
  • twice a year
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10
Q

You will pay PROISIONAL TAX, when

A

1) you don’t earn the same amount every month
2) work for more than 1 employer
3) when you earn money from playing sport/winnings

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11
Q
A
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