Description
LSB2605 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 – Due 28 August 2025
LSB2605 2025 Semester 2
a) Assignment 01
ASSIGNMENT 01
Due date: 28 August 2025
You must submit this assignment in time to stay registered for this module and
to be admitted to the examination!
Provide references to your sources, including page numbers. Answers without
references to specific page numbers will not be marked and you will not receive
any marks for those answers. Incorrect page numbers will not earn marks. Any
similarity to the structure, content and style of AI generated answers earn a 0
mark.
ABC (Pty) Ltd employs Zanele on a fixed-term contract for 12 months and pays her a
salary of R30,000 per month. They also agree to pay her a bonus of R15,000 at the
end of the contract if she meets certain targets during her employment.
1. Calculate the total amount of Unemployment Insurance Fund (UIF)
contributions that will be due during the entire term of the contract.
(8)
2. Will Zanele’s salary be taxed under the PAYE system, and who will be
responsible for paying the tax over to the South African Revenue Service
(SARS)?
(3)
3. Will the bonus payments be treated the same as her salary for income tax
purposes?
(3)
4. At the end of the contract, Zanele realizes that no UIF contributions have been
deducted from her salary during the term of the agreement and she now wishes
to claim unemployment benefits from the Fund. Will she be required to pay the
backdated contributions for the entire period before being able to claim
unemployment benefits?
(2)
5. If Zanele’s contract is terminated without reason during the 12-month period,
will this qualify as a dismissal?
(2)
6. How many times must Zanele’s contract be renewed for her to have a
reasonable expectation that it would continue to be renewed indefinitely? (2)
TOTAL: [20 Marks]
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