Grade 12 Mathematical Literacy: Taxation

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  • Опубліковано 10 тра 2023
  • In this video we will look at taxation and the various steps required to answer any type of tax question.
    Online revision lessons and teach-in services (Cape Town) available, email details you can find on my channel.

КОМЕНТАРІ • 115

  • @jamesklusener
    @jamesklusener 4 місяці тому +133

    class of 2024 tap in😭🤞

  • @RobinMoremi
    @RobinMoremi Рік тому +42

    The best UA-cam teacher I've ever had, I now understand maths more better🤞😍

  • @oumalekota8094
    @oumalekota8094 4 місяці тому +12

    It’s my first time doing maths literacy after 10years. I did mathematics at high school. & you making things easy for me. Lot of love monkey

  • @andilebuthelezi6489
    @andilebuthelezi6489 6 місяців тому +5

    Very helpful 🙏🏾. I myself an educator and newly appointed for Grade 12 maths lit, I struggle a lot preparing this section. Thank you very much for detailed explanation and clarity 🙏🏾.

    • @maths_monkey
      @maths_monkey  6 місяців тому

      An absolute pleasure! Please tell your learner about this channel, let them know that they have this free resource available to them. I would appreciate :)

  • @user-eo9sb5ny1m
    @user-eo9sb5ny1m 4 місяці тому +4

    Omg taxation is a hell of a ride for me 😭I'm so glad my friend recommended you to me!!

    • @maths_monkey
      @maths_monkey  4 місяці тому +1

      Happy to hear this video helped you!

  • @hlonii_
    @hlonii_ Рік тому +16

    In your next video plz include explanations of how to tackle questions that have donations

  • @xoloasiphile1885
    @xoloasiphile1885 9 місяців тому +19

    Finally I understood before writing my final examination 🫶🥺

  • @mae3237
    @mae3237 9 місяців тому +8

    This was so helpful..i understand taxation now to clearly that I can literally explain the the whole process to someone.😂

  • @Sxftdai
    @Sxftdai 10 місяців тому +5

    This helps so much for grade 11 tomorrow im writing maths and its really helps me so much ❤

  • @Pure_Star
    @Pure_Star 9 місяців тому +5

    Writing in 2 hours. Thanks good vid!

  • @Kamogeloslayer56yggcs
    @Kamogeloslayer56yggcs 2 місяці тому +1

    Love your content o was struggling with maths before now I am a proud maths master❤

    • @maths_monkey
      @maths_monkey  2 місяці тому +1

      Its my pleasure!!! So glad you found the channel helpful 😁

  • @phelelisamxhotyelwa2461
    @phelelisamxhotyelwa2461 Рік тому +5

    Literally the best 😭❤️

  • @housefonteinpodcast8146
    @housefonteinpodcast8146 Рік тому +8

    Thank you for this lesson. Two questions, 1. why did the UIF percentage not be 1% for the individual? Given that we are calculating on his gross income. If it is 2%, does that mean the company's contribution to the UIF is (always/already) included in the Gross income of individuals?
    2. When calculating the take home salary, weren't we supposed to subtract the UIF contribution as well?

    • @housefonteinpodcast8146
      @housefonteinpodcast8146 Рік тому

      Thank you for your response and clarity 🙏🏼

    • @bby_lee
      @bby_lee 11 місяців тому +3

      It’s 2% because the employee and the employer both contribute 1% just tryna help

    • @wenziledaconceicao2766
      @wenziledaconceicao2766 11 місяців тому +5

      @@bby_lee but the employers contribution does not come from the employees salary

  • @carolinemachethe3528
    @carolinemachethe3528 2 місяці тому +1

    U r a good teacher

  • @user-lr1zr2bc5c
    @user-lr1zr2bc5c 11 місяців тому +2

    You are brilliant and I appreciate your lessons ♥️🥺♥️♥️❤
    I hope I will be able to practice also

  • @user-rx7jb3fv8l
    @user-rx7jb3fv8l 9 місяців тому +1

    Morning mam; I'm a bit confused about the first example;why is it that you Multipled the gross income after the uif ?

  • @user-hj2it7vk2x
    @user-hj2it7vk2x Рік тому +1

    pls do the other two i really need it

  • @hlonii_
    @hlonii_ Рік тому +1

    Thank you very very very much❤😭😭😭

  • @Lesley.Mannda.Nekokwane
    @Lesley.Mannda.Nekokwane 11 місяців тому +5

    You tube is helpful

  • @shamie.m
    @shamie.m Рік тому +3

    why was the uif calculated by 2% instead of 1%

    • @maths_monkey
      @maths_monkey  Рік тому +13

      It was suppose to be 1% darling. Only 2% if both the employee and employer contribute.

    • @wenziledaconceicao2766
      @wenziledaconceicao2766 11 місяців тому

      @@maths_monkey @libonampafa6758

  • @Lydi4.w
    @Lydi4.w 11 місяців тому +3

    God bless you fr

  • @obertmuzenda1369
    @obertmuzenda1369 9 місяців тому +3

    where did the 2 come from 😭😭😭

  • @ashley_kembo
    @ashley_kembo 2 місяці тому

    i love you so much, thank you. 😭❤️❤️

  • @siyabongakhumalo-hb3eh
    @siyabongakhumalo-hb3eh 2 місяці тому

    YOUR CHANNEL NEEDS TO BE COMPULSORLY FOLLOWED ITS HELPFUL...by a grade 12 leaner

    • @maths_monkey
      @maths_monkey  Місяць тому +1

      I agree, help me spread the word and thank you for your support!

  • @hlonii_
    @hlonii_ Рік тому +3

    Do they tax you on your bonus?

    • @maths_monkey
      @maths_monkey  Рік тому +3

      Yes, but the question will give you guidance whether you should use bonuses or not in your calculation.

    • @nasiphigili4035
      @nasiphigili4035 9 місяців тому

      ​@@maths_monkeyhi can I hv your whatspp tens

  • @VincentThatoChiloane
    @VincentThatoChiloane 6 місяців тому +1

    Thank you I now understand taxation🙏🙏❤😭

  • @amandagumede2696
    @amandagumede2696 5 місяців тому +1

    This was really helpful mam

  • @Lliant.Brilliant
    @Lliant.Brilliant 5 місяців тому

    Finally I understand taxation ❤thank you for this

  • @thegirlhale
    @thegirlhale 4 місяці тому

    Is there an error at 16:01 when calculating annual tax? I’ve been trying to calculate by myself and it’s giving me something totally different?

    • @maths_monkey
      @maths_monkey  4 місяці тому

      Hey, no error found at your time stamp.

    • @thegirlhale
      @thegirlhale 4 місяці тому

      Oh sorry , I double checked it and got it right, thank you 🤍

  • @user-sb3er6fl6n
    @user-sb3er6fl6n 9 місяців тому +1

    When they say someone is god sent they will be talking about you😊

  • @siphumelelejubeju4261
    @siphumelelejubeju4261 5 місяців тому

    What happens in a scenario whereby a person receives a bonus in the end of the year ?

    • @maths_monkey
      @maths_monkey  5 місяців тому +1

      Your bonus will form part of your taxable income.

  • @josiahmoses1996
    @josiahmoses1996 5 місяців тому

    THANK YOU SO MUCH, YOU REALLY HELPED

    • @maths_monkey
      @maths_monkey  5 місяців тому

      You're welcome!

    • @andile5680
      @andile5680 3 місяці тому

      I'm confused on how you got 53211.492 please explain

  • @BYONDTHEMARK
    @BYONDTHEMARK 6 місяців тому +1

    Masterfully done

  • @bokangmmotong3075
    @bokangmmotong3075 11 місяців тому +2

    Very helpful

  • @ski-reecedonatello1281
    @ski-reecedonatello1281 4 місяці тому

    Lady Lu! Hope you're doing well.
    How do we tackle Tax Threshold?

    • @maths_monkey
      @maths_monkey  4 місяці тому +1

      Hi, please email a specific question on this to mathsmonkeyhelp@gmail.com and I will have a look at it. Title the email 'Tax Threshold' so that I can keep an eye out for it.

  • @user-ij2uk8pm4i
    @user-ij2uk8pm4i 4 місяці тому +2

    in 3.2 I don't understand how you got 53211.492 .

    • @KL23P
      @KL23P 3 місяці тому

      I was trying to see how she got to it too and I never did, I'm so confused

    • @ntombozukomthembu4669
      @ntombozukomthembu4669 3 місяці тому

      Yhooo just like me I'm still confuse

  • @user-mj7qs6io6v
    @user-mj7qs6io6v 5 місяців тому

    Thank you so much I now understand better I wanted to ask a question where did we get the 2 on our Frist calculation ❤

    • @maths_monkey
      @maths_monkey  4 місяці тому

      Hey darling, the UIF 2% was suppose to be 1%

  • @user-ju2fz1qy6q
    @user-ju2fz1qy6q 5 місяців тому +1

    wish i found this video before doing an assignment😭

  • @Shekkykk
    @Shekkykk 5 місяців тому

    Thank u so much mam❤

  • @bontlemokoena1565
    @bontlemokoena1565 9 місяців тому +1

    Isn't UIF 1% of your monthly salary??

  • @AustinFortune
    @AustinFortune 9 місяців тому +1

    Well comprehend

  • @Rosette1853
    @Rosette1853 9 місяців тому +2

    9:31 why is it 2 % for uif instead of 1

    • @ziyandaunathi1290
      @ziyandaunathi1290 9 місяців тому +1

      That’s what I thought too coz I was taught it’s 1%

    • @Rosette1853
      @Rosette1853 9 місяців тому

      @@ziyandaunathi1290 it is one she made an error

    • @olgamagade2784
      @olgamagade2784 9 місяців тому

      The employer also contributes 1% so that makes it 2%. Don't know if this makes sense

    • @ziyandaunathi1290
      @ziyandaunathi1290 8 місяців тому

      @@olgamagade2784 but the employers contribution has nothing to do with an individual personal tax that’s why it says “personal”

    • @maths_monkey
      @maths_monkey  8 місяців тому

      This was a mistake

  • @beinglesedi4219
    @beinglesedi4219 3 місяці тому

    how do we calculate inclusive n exclusive tax

    • @maths_monkey
      @maths_monkey  3 місяці тому

      Are you perhaps thinking of Value Added Tax (VAT)? The terms in your question does not really get used when working with PAYE. Check my percentages video to see how we work with VAT

  • @user-op3ep3iq3y
    @user-op3ep3iq3y 5 місяців тому +1

    Please calculate the tax using tax bracket number 1

  • @user-ro4un7zd8c
    @user-ro4un7zd8c 3 місяці тому

    Hey mam, on 3.2.calculate the annual tax...I did calculate 100263+36%......and also got 153474.492,my question is before your answer which step is 100263+53211.492 😢like where did you take that?I got lost there

    • @maths_monkey
      @maths_monkey  3 місяці тому

      This information came from the table

  • @TammyTheunis
    @TammyTheunis 3 місяці тому

    Where’s part 2 & 3???

  • @user-sz3su2ii2g
    @user-sz3su2ii2g 5 місяців тому +1

    Still waiting for you to release more videos on taxation 😭😭

    • @maths_monkey
      @maths_monkey  5 місяців тому

      I'm working on it

    • @thandekamasinga3799
      @thandekamasinga3799 3 місяці тому

      @maths_monkey
      Can I please get more videos about taxation
      E.g rate tax, tax after deducting, donations and UIF

  • @user-mv6ef2py9l
    @user-mv6ef2py9l 3 місяці тому

    ❤❤

  • @thandekalepesa2359
    @thandekalepesa2359 2 місяці тому

    Hi ma'am when will you be uploading videos on UIF and Pesion fund

    • @maths_monkey
      @maths_monkey  2 місяці тому

      Hi sorry, I know there has been a delay on the follow up video. I'm hoping to get one going before your big exams.

    • @thandekalepesa2359
      @thandekalepesa2359 2 місяці тому

      @@maths_monkey ma'am for the UIF percentage why did you use 2% instead of 1%?

  • @lindasigwabe9241
    @lindasigwabe9241 Місяць тому

    student here using moms account , why is the uif 2% ?

    • @maths_monkey
      @maths_monkey  Місяць тому

      It was an error. 1% is correct. 2% is what UIF gets in total. 1% from you and 1% from company.

  • @abs-lk6cb
    @abs-lk6cb 2 місяці тому

    i love you

  • @DaneMerricks
    @DaneMerricks 3 місяці тому

    Good day can you please send me videos of UIF and pension fund.

  • @M.P.C.Skhilos
    @M.P.C.Skhilos 5 місяців тому

    My teacher told me that UIF is 1% but you wrote 2%
    I'm confused 😕

    • @maths_monkey
      @maths_monkey  5 місяців тому +2

      Its 1%, there was an error in this video

    • @M.P.C.Skhilos
      @M.P.C.Skhilos 5 місяців тому

      @@maths_monkey okay thanks 💯❤
      It was difficult for me to calculate taxation.......now i know how to solve it thanks to you 🙏❤❤❤💐

  • @MpumeleloMkhwanazi-xu3zx
    @MpumeleloMkhwanazi-xu3zx 3 місяці тому

    I still don't understand how to calculate tax

    • @maths_monkey
      @maths_monkey  3 місяці тому

      Sorry to hear, you may then need to reach out to a tutor.

  • @user-ef5bq6sj6b
    @user-ef5bq6sj6b 6 місяців тому +1

    sorry will i lose marks for not putting my final answers in (R) ?
    LOVE THE LESSON YOU ARE AMAZING I LIFE SAVER LEGIT😘🙏🏾🙏🏾🙏🏾
    🤍

    • @maths_monkey
      @maths_monkey  6 місяців тому +1

      It is best to always add the unit in which your answer is in. There will be some questions where you will get penalised. Also, happy to help 🙂

    • @user-ef5bq6sj6b
      @user-ef5bq6sj6b 6 місяців тому

      thank you
      @@maths_monkey

  • @malwandemkhize
    @malwandemkhize 3 місяці тому

    ❤❤