The correct spelling of the word is "Individuity." The IPA phonetic transcription for this word is /ˌɪn.dɪ.vɪ.dʒuˈæt.i/. This word is made up of the root word "individual" and the suffix "ty." The "u" after "v" acts as a glide sound, similar to the "w" in "water." Some common misspellings of this word include "individuality," "individiuty," and "inviduality." It is important to spell words correctly to ensure effective communication and convey professionalism.