Grade 9 Business Revision

What is the maximum UIF contribution an employee can make?

• R142,37

• R122, 17

• R177,12

• R188,12

The remuneration received for labour is:

• interest

• salaries and wages

• rent

• proft

Select all that apply:

VAT is a. . .

• progressive tax

• regressive tax

• direct tax

• indirect tax

Select all examples of a zero-rated VAT item.

• White bread

• Rent/ housing

• Eggs

• Beans

This participant pays households for their labor and other factors of production?

• Government

• Foreign sector

• Households

• Businesses

The VAT rate is . . .

• 14%

• 15%

• 12%

• 16%

Select all that apply:

Income tax is a. . .

• Direct tax

• Indirect tax

• Progressive Tax

• Regressive Tax

Select all VAT Exempt items.

• Salaries and wages

• Education

• Brown Bread

• Oil

An economy that does not engage in international trade is a/an. . .

• open economy

• closed economy

The remuneration received by the entrepreneur is. . .

• salaries and wages

• rent

• interest

• profit