Your friend, Gerald, has asked you to help him with his bank statement. He is sure there are some errors and some things just do not make sense to him. Study the bank statement shown below and answer the questions that follow. • The fee for deposits is R2,00 plus R1,00 for every R100,00. • Stop order payments cost R2,50 regardless of the amount. • Card purchases cost R1,00 regardless of the amount • Gerald's biggest expense is his accommodation, he pays rent to S. Yusuf. Questions 3.4 Use the information regarding the banking fee to find a mistake in the fee column. Identify the mistake and correct it. 3.5 How much rent does Gerald pay each month? 3.6 The tax of R2 440 has already been deducted from Gerald’s salary. What tax rate (percentage of his total salary) is he paying towards tax? Round off your answer to two decimal values.
Your friend, Gerald, has asked you to help him with his bank statement. He is sure there are some errors and some things just do not make sense to him. Study the bank statement shown below and answer the questions that follow.
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• The fee for deposits is R2,00 plus R1,00 for every R100,00. |
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• Stop order payments cost R2,50 regardless of the amount. |
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• Card purchases cost R1,00 regardless of the amount |
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• Gerald's biggest expense is his accommodation, he pays rent to S. Yusuf. |
Questions
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3.4 |
Use the information regarding the banking fee to find a mistake in the fee column. Identify the mistake and correct it. |
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3.5 |
How much rent does Gerald pay each month? |
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3.6 |
The tax of R2 440 has already been deducted from Gerald’s salary. What tax rate (percentage of his total salary) is he paying towards tax? Round off your answer to two decimal values. |
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