Answer :
State whether the income is fixed, variable or occasional:
a) Johanna works every Wednesday as a cashier for R150,00 per day and is paid per month. This is a fixed income because she consistently earns the same amount weekly.
b) Tebogo's salary is R5 400 per month. This is also a fixed income due to the regular, unchanging monthly salary.
c) Julia sometimes washes her neighbour's car, for which she is paid R25,00. This is an occasional income because it happens irregularly and not on a fixed schedule.
d) Sophie sells kitchenware and is paid commission on what she sells. This is a variable income as it depends on the amount she sells, which can change.
State whether the expenditure is fixed, variable or occasional and also if it is high-priority or low-priority:
a) John has to pay the monthly school fees for his daughter. This is a fixed and high-priority expenditure because it is a regular, essential payment.
b) Masego has to pay Globe Electrical for repairing his leaking geyser. This is an occasional and high-priority expenditure as it happens irregularly but is necessary.
c) Tando buys six pairs of shoes in case she is invited to some parties. This is an occasional and low-priority expenditure because it is non-essential and irregular.
d) Sizwe has to pay his telephone bill. This is a fixed and high-priority expenditure as it is regular and necessary to maintain communication.
e) Dina has to pay her yearly income tax to the South African Revenue Service. This is an occasional and high-priority expenditure since it occurs annually and is legally required.
What is the income if 80 candles are sold at R14,95 each?
To find the income, multiply the number of candles sold by the price per candle:
[tex]\text{Income} = 80 \times 14,95 = 1196\,\text{R}[/tex]
Which will be the best option for Tsepo to travel from Rhodesfield to Sandton and back?
Option 1: Taking the Gautrain costs R25,00 per single trip. Therefore, two trips cost:
[tex]25 \times 2 = 50\,\text{R}[/tex]
Option 2: Using a car:
The total driving distance is 31 km each way, so the total round trip is 62 km.
The car's consumption is 12 km per litre, and fuel costs R10,60 per litre, thus requiring approximately [tex](62 / 12 ) \approx 5.17[/tex] litres for the round trip.
Fuel cost: [tex]5.17 \times 10.60 = 54.84\,\text{R}[/tex]
Plus parking at R8:
Total cost by car:
[tex]54.84 + 8 = 62.84\,\text{R}[/tex]
Taking the Gautrain for R50 is cheaper than driving the car for R62.84, making the Gautrain the better option.
Thandi's financial calculations:
a) What amount does Thandi have to cover other expenses?
Total salary: R5 700
Discount deductions:
15% income tax:
[tex]0.15 \times 5700 = 855\,\text{R}[/tex]Subtract deductions:
[tex]5700 - 855 - 850 - 1406 = 2589\,\text{R}[/tex]
b) If all Thandi's other necessities amount to R1 480, what is left for entertainment and saving?
[tex]2589 - 1480 = 1109\,\text{R}[/tex]
c) If Thandi's payment to the medical aid fund increases by 8% and she spends R150 on entertainment, what amount is she able to save?
New medical aid cost:
[tex]850 \times 1.08 = 918\,\text{R}[/tex]
Remaining amount after entertainment and increased medical aid:
Subtract from remaining amount:
[tex]2589 - 1480 - 150 - (918 - 850) = 941\,\text{R}[/tex]
Which job will Neo choose if his expenses amount to R3 100 per month?
a) Autoclean Carwashes:
R127 per day for 20 days:
[tex]127 \times 20 = 2540\,\text{R}[/tex]
b) Flowerpower Florists:
R105 per day for 30 days:
[tex]105 \times 30 = 3150\,\text{R}[/tex]
Neo's expenses are R3 100 per month. Therefore, he should choose Flowerpower Florists since it exceeds his expenses.
