A certain Municipality has the following rates for the 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 15% is added :
From, kℓ |
To, kℓ |
Tariff per kℓ (R) |
|
From, kℓ |
To, kℓ |
Tariff per kℓ (R) |
0 |
6 |
free |
|
40 |
59 |
3,50 |
6 |
19 |
2,00 |
|
60 |
79 |
4,50 |
20 |
39 |
2,40 |
|
80 |
and more. |
7,00 |
1.1 A household consumes 18 kℓ of water.
1.1.1 What is the tariff for this consumption?
A 1.1.1
1.1.2 Calculate the amount payable. Show all
your calculations.
A 1.1.2
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.
A 1.3
1.2 Another consumption is 38,12 kℓ.
Calculate the amount due. Show all
your calculations.
A 1.2
John compiles the following budget :
Income |
Rand |
|
Expenses |
Rand |
Salary |
16 000 |
|
House-rent |
5 800 |
|
|
|
Food |
5 250 |
|
|
|
Clothes |
1 600 |
|
|
|
Motor instalment |
1 760 |
|
|
|
Motor maintenance |
940 |
|
|
|
Entertainment |
1 600 |
|
|
|
Save |
600 |
Total |
|
|
Total |
|
2.1 Determine John's expenses. Can he afford all his expenses?
A 2.1
2.2 Suppose that he saves nothing. Does his budget balance? What can he still do to
balance his budget?
A 2.2
2.3 He decides to save R300. What can he do to balance his budget now?
A 2.3
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.
A 3.2
3.3 What is the minimum cost for consumption in the interval 21 kℓ to 40 kℓ?
A 3.3
3.4 What is the maximum cost for consumption in the interval 0 kℓ to 20 kℓ?
A 3.4
3.5 Explain the form of your graph of a consumption from 0 kℓ to a consumtion of 20 kℓ.
A 3.5
3.6 Estimate the coordinates of the point when the consumption is 12 kℓ. Mark the point D.
A 3.6
3.7 Estimate the coordinates of the point when the consumption is 27 kℓ. Mark the point E.
A 3.7
3.8 Now calculate the coordinates of point D.
A 3.8
The accompnaying graph shows the cost of two
contracts of a cellphone firm.
4.1 Where and why does the graph of
contract B begin?
A 4.1
4.2 Where and why does the graph of
contract A begin?
A 4.2
4.3 Which of the two contracts have the
greater cost per minute? Explain.
A 4.3
4.4 Estimate the cost for both contracts
if the time = 80 minutes.
A 4.4
4.5 Estimate the time if the cost of
contract B is R121.
A 4.5
4.6 Where do the two graphs intersect? What does this imply?
A 4.6
4.7 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.
A 4.7
4.8 Use the answers in 4.7 to test the accuracy of your estimations in 4.4 and 4.5. Show
all the calculations.
A 4.8
4.9 When is the cost of contract B greater than that of contract A?
A 4.9
4.10 Which contract, A or B, will you recommend to a person that uses less than
150 minutes per month? Supply reasons.
A 4.10
The accompanying graph shows the cost of
two contracts, P and Q, of a cell phone provider.
5.1 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?
A 5.1
5.2 Describe and explain the part BC.
A 5.2
5.3 Does the graph of contract Q
represent an increasing relation?
Explain.
A 5.3
5.4 Which contract, P or Q, is the cheaper
for usage of less than 100 minutes
per month? Explain.
A 5.4
5.5 Which contract, P or Q, is the cheaper
for usage of more than 210 minutes
per month? Explain.
A 5.5
5.6 Which contract, P or Q, has the
lowest tariff per minute? Explain.
A 5.6
Study the following account of XYZ Municipality.
provider.
6.1 Write down the Municipality's phone
number.
A 6.1
6.2 Write down the Municipality's postal
postal address.
A 6.2
6.3 What is the date of the account?
A 6.3
6.4 Who is the addressee?
A 6.4
6.5 Why does the amount in the
column "Payment received" have
a negative sign?
A 6.5
6.6 How much water has been used?
A 6.6
6.7 Is the amount for water usage
correct? Show your calculations.
A 6.7
6.8 Also calculate the amount for using
electricity. Show all
your calculations.
A 6.8
6.9 Calculate the amount in the last
row marked with ###.
A 6.9
6.10 Are there any other mistakes on
the account? Show all your
calculations to rectify it.
A 6.10
6.11 At what parcentage is the
annual levy added?
A 6.11
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 |
Payment received |
|
|
|
-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 |
|
Meter readings |
Property Information |
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. |
|
|
Study the bank statement of a current account.
7.1 Write down the date and the number
of the statement.
A 7.1
7.2 Why is the "Brought forward" balance
shown with a negative sign?
A 7.2
7.3 Why are the amounts shown in the
Debit column shown as
negative numbers?
A 7.3
7.4 Calculate the balance after
AtoZ Services paid the salary. What and
why is the sign of the Balance?
A 7.4
7.5 Calculate the Balance on 04.06.
Explain your answer.
A 7.5
7.6 Why is the amount shown in the
Credit column positive?
A 7.6
7.7 Calculate the Balance on 04.18.
A 7.7
7.8 Calculate the Balance on 04.30 after
the Service fees have been added.
A 7.8
7.9 Calculate the interest on the
overdrawn account.
A 7.9
7.10 Calculate the Closing Balance
on 04.30
A 7.10
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 |
BuyHere |
04.06 |
3,380.54− |
|
## |
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 |
## |
BuyHere |
04.26 |
1,804.12− |
|
4,270.32− |
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 all transactions and report any differences. |
|
Question 8
The following information for question 8 : |
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. |
|
Study the accompanying pay-slip and
then answer the questions that follow :
8.1 Calculate Jack's earnings for
Overtime 1.5
A 8.1
8.2 Calculate the number of hours that
Jack worked on Overtime 2.
A 8.2
8.3 Calculate Jack's total wages for
the month.
A 8.3
8.4 Assume that Jack has this income
every month. Calculate the
Income Tax that he has to pay for
the year and the monthly deduction.
A 8.4
8.5 Every month Jack has to pay 1%
of his Salary to the UIF.
Calculate Jack's contribution.
A 8.5
8.6 What percentage of his Salary is
deducted for Pension?
A 8.6
8.7 Calculate the total deductions.
A 8.7
8.8 Calculate Jack's net wages.
A 8.8
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 |
|
|
Trade union |
165.00 |
|
|
Savings plan |
500.00 |
|
|
BuyHere |
1,516.88 |
Total |
|
Total |
|
Monthly Income |
|
|
Gross |
|
|
|
Deductions |
|
|
|
Net |
|
|
|
|
Study the cah register slip alongside :
9.1 How many items were bought?
A 9.1
9.2 How many plastic carrier bags
were bought?
A 9.2
9.3 What is the volume of the bags?
A 9.3
9.4 How many items on which VAT is
not levied, were bought?
A 9.4
9.5 What is the value of the items
in 9.4?
A 9.5
9.6 What is the value of the items
on which VAT is levied?
A 9.6
9.7 Which packaging of eggs is
cheaper - the 18 eggs per pack
or the 6 eggs per pack. Show all
your calculations.
A 9.7
9.8 What is the cost of the yellow
peaches per kilogram?
A 9.8
9.9 What is the price ot tomatoes per
kilogram?
A 9.9
Cheap Store |
Carrot Place |
Phone : 000 010 0203 |
Cashier: Yolande Freeman |
|
APPLES RED |
17.99 |
# |
APPLE VINEGAR 375 ml |
12.79 |
|
RAISINS CHOICE GRADE |
18.90 |
|
SWEETCORN WHOLE KERNELS |
|
|
2 @ 10.99 |
21.98 |
SWEETCORN CREAMED |
|
|
2 @ 11.99 |
23.98 |
|
FRUIT JUICE BERRIES |
14.99 |
|
TUNA IN BRINE |
|
|
2 @ 15.99 |
31.98 |
|
PEACHES YELLOW 0.96 KG |
34.56 |
# |
CARROTS LOOSE 0.75 KG |
11.24 |
# |
POTATOES SMALL 0.6 KG |
6.00 |
# |
TOMATOES 0.908 KG |
14.53 |
# |
EGGS LARGE 18 PACK |
29.99 |
# |
EGGS LARGE 6 PACK |
9.99 |
# |
CANOLA 1 kg |
22.99 |
|
CARRIER BAGS PLASTIC 24 ℓ |
|
|
4 @ 0.46 |
1.84 |
|
TOTAL DUE TAXABLE VAT |
291.68 |
|
TOTAL ITEMS |
20 |
|
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - |
- |
VAT INCLUDED |
17.93 |
|
# VAT FREE - ZERO RATED |
|
|
|
|