09/03/2024
Grade 12 What you should know before writing.(mathematical literacy)
Topic : Finance-Taxation
VAT
*Calculate amount including VAT
*Calculate amount excluding VAT
*Calculate VAT
(UIF) Going to be given the % example (1%)
Income Tax
*Gross annual income
*Taxable deductions and non taxable deductions
*Taxable income
*Income tax payable
*Tax rebates
*Medical tax credits
*Net annual income
Interest and inflation
*Sample and Compound interest
LOAN
*Tables(normal and also loan tables with loan factors)
*Graphs
*Reduction the cost of loan
*The effect of changes in interest rate.
INVESTMENT
*Annuity/retirement fund
*Stockvel and other
Inflation
*percentage calculations (compound interest)
*Graphs;formula*indices(table)
Currency and Exchange rates
BUYING AND SELLING CURRENCY
*Rates(conversion tables and/or graphs)
*Methods of selling and buying
transfer
*Converting currency...
