Chapter 2 Flashcards
Explain: STEREOTYPING
Believing that all people with a specific characteristic are the same.
Example: nursing is a woman’s job
One of the socio-economic factors affecting your choice of career is ACCESSIBILITY. Explain
- 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
What is SARS
South African Revenue Services
Name the specific tax that everyone and all companies must pay on what they have earned and the profits they have made
income tax
What are the different ways you pay tax
SITE
PAYE
Provisional tax
If you earn more than …….. you have to pay income tax
R35,000
What is SITE?
Standard Income Tax on Employees
(Employees pay this if they earn less than R120k a year ; only have one employer)
What is PAYE?
Pay As You Earn
When do you pay PROVISIONAL TAX?
- twice a year
You will pay PROISIONAL TAX, when
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