#### Financial Documents, tariffs, accounts, bills, rates.

1.   A certain Municipality has the following rates forthe consumption of household water :
[ The consumption is determined by rounding up the reading to the next whole number of
kl used. Thus, 7,5 kl is rounded up to 8 kl]. VAT at 14% is added :

 From (kl) To (kl) Tariff per kiloliter (R) From (kl) To (kl) Tariff per kiloliter (R) 0 kl 6,00 kl free 6 kl 19 kl R2,00 20 kl 39 kl R2,40 40 kl 59 kl R3,50 60 kl 79 kl R4,50 80 and more R7,00
1.1
A household consumes 18 kl of water.
1.1.1
What is the tariff for this consumption?
1.1.2
Calculate the amount payable. Show all your calculations.
1.2
Another consumption is 38,12 kl. Calculate the amount due. Show all your calculations.
1.3
An account for R235,65 is rendered for a consumption of 75 kl. Test the correctness of
the account. Show all your calculations.
2.
John compiles the following budget :

 Income (R) Expenses (R) Salary 16 600 House-rent 5 800 Food 5 250 Clothes 1 600 Motor instalment 1 760 Motor maintenance 940 Entertainment 1 600 Save 600 Total 16 600 Total
2.1
Determine John's expenses. Can he afford all his expenses?
2.2
Suppose that he saves nothing. Does his budget balance? What can he still do to balance
his budget?
2.3
He decides to save R300. What can he do to balance his budget now?
3.
A certain Municipality has the following rates for house-hold water consumption :
from 0 to 20 kl - R1/kl and from 21 to 40 kl - R2 / kl
3.1
Complete the following table :

 Consumption (kl) 0 10 20 21 30 40 Cost (R)
3.2
Draw a graph to represent the data.
3.3
What is the minimum cost for consumption in the interval 21 kl to 40 kl?
3.4
What is the maximum cost for consumption in the interval 0 kl to 20 kl?
3.5
Explain the form of your graph of a consumption from 0 kl to a consumtion of 20 kl.
3.6
Estimate the coordinates of the point when the consumption is 12 kl. Mark the point D.
3.7
Estimate the coordinates of the point when the consumption is 27 kl. Mark the point E.
3.8
Now calculate the coordinates of point D.
4.
The accompanying graph shows the cost levied by a certain Municipality for the
consumption of house-hold water.
4.1
Estimate the cost if the consumption is 12 kl
(point D) and estimate the consumption if the
cost is R76 (point E)
4.2
What is the maximum cost for a consumption
of 30 kl?
4.3
What is the minimum cost for a consumption
of 10 kl ?
4.4
The coordinates of point B is (20 ; 20) and
the coordinates of point C is (40 ; 100). Use this information to calculate the cost per
kiloliter for the interval 0 kl to 20 kl and from 20 kl to 40 kl.
4.5
5.
The accompnaying graph shows the cost of two contracts of a cellphone firm.
5.1
Where and why does the graph of
contract B begin?
5.2
Where and why does the graph of
contract A begin?
5.3
Which of the two comtracts have the
greater cost per minute? Explain.
5.4
Estimate the cost for both contrackts if the
time = 80 minutes.
5.5
Estimate the time if the cost of contract B is R121.
5.6
Where do the two graphs intersect? What does this imply?
5.7
Calculate the cost per minute of both contracts if the cost of contract A is R250 and that
of contract B is R275 if the time = 250 minute.
5.8
Ust the answers in 5.7 to test the accuracy of your estimations in 5.4 and 5.5.
Show all the calculations.
5.9
When is the cost of contract B greater than that of contract A?
5.10
Which contrak, A or B, will you recommend to a person that uses less than 150 minutes per
month? Supply reasons.
6.
The accompanying graph shows the cost of two contracts, P and Q, of
cell phone provider.
6.1
The graph of contract P is given by the
line ABC. Why does the first part, AB, not
begin in the origin? What does this mean?
6.2
Describe and explain the part BC.
6.3
Does the graph of contract Q represent an
increasing relation? Explain.
6.4
Which contract, P or Q, is the cheaper for
usage of leaa than 100 minutes per month? Explain.
6.5
Which contract, P or Q, is the cheaper for usage of more than 210 minutes per
month? Explain.
6.6
Which contract, P or Q, has the lowest tariff per minute? Explain.
7.
Study the following account of XYZ Municipality.
7.1
Write down the Municipality's
phone number.
7.2
Write down the Municipality's
7.3
What is the date of the account?
7.4
7.5
Why does the amount in the
have a negative sign?
7.6
How much water has been used?
7.7
Is the amount for water usage
correct? Show your
calculations.
7.8
Also calculate the amount for
using electricity. Show
7.9
Calculate the amount in the last
row marked with a ###.
7.10
Are there any other mistakes on
the account? Show all your
calculations to rectify it.
7.11
At what parcentage is the
XYZ Municipality
 13 Meandering Street       P.O. Box 34      Phone : 001 968 0001 Waterloo                         Waterloo           Fax: 001 968 0002 061208                            061208
 Mr. J Williams                                  Account for April 2015 P.O. Box 11                                     Date : 30/04/2015 Waterloo                                          Due date 14 / 05 / 2015 061208                                             Account number : 16169
Description Charge Amount VAT Amount
Brought forward          729,75
Water ## 77,30 ## 165,42
Elektricity ## ## 144,54 1 176,94
Refuse removal    50,00 7,00 57,00
Sewerage charge 53 63,60 8,90 72,50
Annual levy          373,46
Totals    ### 171,26 1 845,32

Type Previous Current Stand 0236
Water 3568 3621 Size (ha) 0,125
Elektricity 10524 11236 Value 925 000
Annual levy 3 931,20

 Notes :    1. Water rates :     0 kl to 6 kl - free 7 kl to 29 kl - R1,10 / kl 30 kl to 49 kl - R1,70 / kl 50 kl and more - R4,50 / kl 2. Elektricity rates :   R1,45 / unit 3. Arrears : Interest is added at 20% p.a. on overdue accounts and late payments.
8.
Study the bank statement of
a current account.
8.1
Write down the date and the
number of the statement.
8.2
Why is the "Brought forward"
balance shown with a
negative sign?
8.3
Why are the amounts shown in
the Debit column shown as
negative numbers?
8.4
Calculate the balance after
AtoZ Services paid the salary.
What and why is the sign
of the Balance?
8.5
Calculate the Balance on 04:06.
8.6
Why is the amount shown in the
Credit column positive?.
8.7
Calculate the Balance on 04:18
8.8
Calculate the Balance on 04:30 after
the Service fees have been added.
8.9
Calculate the interest on the
overdrawn account.
8.10
Calculate the Closing Balance
on 04:30
The New Bank
 P.O. Box 201         Phone: 808 908 1001    2 May 2008 Stayhere                Fax: 808 908 1002        Invoice number : 121 081908
 Mr. S. Stephens P.O. Box 108 Stayhere 081908
Statement / Tax Invoice
VeryEasy                          Account number : 34501261

Details Date Debits Credits Balance
Brought forward          4,802.91−
AtoZ Services - salary 04.01    11,200.00 ##
Instament - life insurance 04.01 641.00−    ##
Instalment - insurance 04.01 387.75−    5,368.34
SafetyFirst 04.01 326.00−    5,042.34
The New Bank - instalment motor car 04.02 2,080.00−    2,962.34
TakeCare Garage 04.05 1,421.00−    1,541.34
Cash withdrawn 04.10 1,200.00−    3,039.20−
TakeCare Garage 04.12 927.00−    3,966.20−
Transfer from Account 12300075 04:18    1,500.00 ##
Service Fee 04:30 99:00−    ##
Interest - overdrawn account 04:30 ##    ##
 Rates due as on April 1, 2005 Interest is added to overdrawn accounts at the rate of 13,5% p.a. and is compounded monthly.

Please check alle transactions and report any differences.
 The following information for question 9 : 1.   Tax Rates for individuals : Taxable Income Rates of Tax 0.00 — 122 000 18% of each Rand 122 001 — 195 000 21 960 + 25% of the amount over 122 000 195 001 — 270 000 40 210 + 30% of the amount over 195 000 270 001 — 380 000 62 710 + 35% of the amount more than 270 000 2.   Each tax payer receives a deductable primary rebate of R8 280.00 per year. 3.   Overtime-rates: overtime 1.5 is calculated at the rate 1,5 times normal rate. overtime 2 is calculated at the rate of twice the normal rate.
ABC Works PAY SLIP
 P.O. Box 198          Phone: 111 010 1000 Goaway                  Fax: 111 010 1001              Date: 2009/08/30 80021
Name : Jack Hammer Employee code : W115
Account number : 00501623 Mechanic
Tariff: R85,00 per hour
Description Wages Deductions
Salary 13,200.00 Tax
Overtime 1,5 - 10 hours    UIF
Overtime 2 765.00 Pension 198.00
Welfare 85.25
Savings plan 500.00
Total    Total
Monthly Income

Gross
Deductions
Net
9.
Study the accompanying pay-slip and
9.1
Calculate Jack's earnings
for Overtiem 1.5
9.2
Calculate the number of hours
that Jack worked on Overtime 2.
9.3
Calculate Jack's total wages
for the month.
9.4
Assume that Jack has this income
every month. Calculate the Income
Tax that he has to pay for the
year and the monthly deduction.
9.5
Every month Jack has to pay 1%
of his Salary to the UIF.
Calculate Jack's contribution.
9.6
What percentage of his Salary
is deducted for Pension?
9.7
Calculate the total deductions.
9.8
Calculate Jack's net wages.