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2.1 Explain the following terms: 2.1.1 Pay as you earn (PAYE) 2.1.2 Phishing 2.2 Name TWO levies paid by motorists when they fill up their vehicles with petrol or diesel - NSC Consumer Studies - Question 2 - 2022 - Paper 1
Question 2
2.1 Explain the following terms: 2.1.1 Pay as you earn (PAYE) 2.1.2 Phishing 2.2 Name TWO levies paid by motorists when they fill up their vehicles with petrol or... show full transcript
Worked Solution & Example Answer:2.1 Explain the following terms: 2.1.1 Pay as you earn (PAYE) 2.1.2 Phishing 2.2 Name TWO levies paid by motorists when they fill up their vehicles with petrol or diesel - NSC Consumer Studies - Question 2 - 2022 - Paper 1
Step 1
Explain the following terms: Pay as you earn (PAYE)
Answer
Pay as You Earn (PAYE) is an income tax system where the employer deducts tax from an employee's monthly earnings. This approach ensures that employees pay tax throughout the year, rather than in a lump sum at the end of the tax year. The amount deducted is calculated based on the employee's expected annual income and applied using tax tables or rates. The employer then remits this tax to the Receiver of Revenue.
Step 2
Explain the following terms: Phishing
Answer
Phishing refers to fraudulent attempts to obtain sensitive information from individuals, typically through deceptive emails or websites. The attacker might design an email to appear legitimate, tricking the consumer into providing personal data like passwords or credit card details. This practice is a serious cybersecurity threat and often seeks to exploit unsuspecting users.
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Step 5
List ways in which a household can save electricity when heating and boiling water.
Answer
- Boil water in a kettle instead of on the stove.
- Use a saucepan with a tight-fitting lid to reduce heat loss.
- Insulate pipes and geysers to maintain temperature.
- Only boil the amount of water needed.
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Step 7
Discuss the advantages of having a two-year guarantee on goods and services.
Answer
A two-year guarantee assures the consumer of the product's quality and durability. It promises that the manufacturer will repair or replace defective items within that timeframe, offering peace of mind. Additionally, consumers can feel secure knowing that any issues will be resolved without additional costs.
Step 8
Explain the responsibilities of municipalities to control the spread of Covid-19.
Answer
Municipalities are tasked with providing clean water and sanitation facilities, ensuring public health information is disseminated, and enforcing social distancing measures. They are also responsible for maintaining clinics and ensuring the availability of sanitization resources in public areas.
Step 9
Explain why the advertisement could be considered as a contract when a consumer buys this data package.
Answer
The advertisement can be deemed a contract because it outlines the terms of service provided: a router with a specified data allowance for a set price of R269 per month for 24 months. By agreeing to these terms, both the consumer and the service provider enter into a formal agreement.
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