QUESTION 1
Jane calculated her total tax paid for the previous year.
It came down to the following:
P.A.Y.E (Income Tax) R54215,00
Estimated VAT on groceries R 5454,20
1.1 What is income tax? (2)
1.2 What does VAT stand for? (2)
She further determined that she received tax rebates to the value of R8432,80.
1.3 What is a tax rebate? (2)
1.4 Give an example of an expense which can lead to a tax rebate. (2)
1.5 Calculate the actual amount Jane paid for tax. (2)
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QUESTION 2
Use the tariff system below to answer the questions that follow:
2.1 What is a tariff system? (2)
2.2 Determine the cost (in rands) of one unit in the 101 to 400 kWh category. (2)
2.3 The Schmidt family used 413 units for February, calculate their expected cost. (5)
2.4 How many units (kWh) will you receive for a R1000,00? (5)
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Grade 12 March Paper
, 2.5 Suggest ONE way in which the Schmidt family can save on their electricity bill. (2)
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QUESTION 3
3.1 Tony needs to buy a laptop for school. He is looking at the following options:
Option 1 Option 2 Option 3
Cash: R9999,99 Hire Purchase: Hire Purchase:
R354pm for 24 months with R202pm for 36 months with
R2000 deposit R2500 deposit
3.1.1 Define hire-purchase. (2)
3.1.2 Determine the total amount paid with Option 2. (2)
3.1.3 Which option would be the cheapest? (2)
3.2 In order to make money to fund his laptop, Tony decides to give swimming lessons in his
neighbours’ pool. His neighbour charges him R550 per month for using his pool. His other
variable expenses add up to around R150 per month. Tony breaks even if he has seven
swimming lessons per month.
3.2.1 Determine how much he charges per swimming lesson. (2)
3.2.2 Present the given information on a break-even analysis graph.
Include the following:
Fixed & variable expenses, income, break-even coordinates, axes labels. (7)
3.3 Tony buys food and a cooldrink at the school tuck shop. His options are:
Burger Coke
Toasted Sandwich Fanta
Hotdog
3.3.1 Present all the possible outcomes by means of a tree diagram. (3)
3.3.2 What are the chances that he buys a hotdog and a coke? (3)
3.3.3 What are the chances that he buys a burger or a fanta? (3)
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2|Page www.summariessa.co.za Math Literacy
Grade 12 March Paper