Home/Tag: Finance
5 12, 2018

Home Loans

By |2018-12-05T18:11:33+10:00December 5th, 2018|Tags: , , , |Comments Off on Home Loans

Home Loans Go to the Forum to see more questions or ask your own Worked examples worked examples Mr and Mrs Devcich borrow $80 000 to buy a home. The interest rate is 12% p.a. and their monthly payment is $850 per month. a. Calculate the interest for the [...]

5 12, 2018

Buying On Terms

By |2018-12-05T17:30:43+10:00December 5th, 2018|Tags: , , |Comments Off on Buying On Terms

Buying On Terms Go to the Forum to see more questions or ask your own Worked examples Chantelle buys a digital video camera costing $2099 and repays it over three years. If she pays a 20% deposit and monthly instalments of $85.50, how much did the camera eventually cost? deposit [...]

5 12, 2018

Credit Cards

By |2018-12-05T17:08:08+10:00December 5th, 2018|Tags: , , |Comments Off on Credit Cards

Credit Cards Go to the Forum to see more questions or ask your own Worked examples       Credit Cards Forum Rules of the Forum be respectful of other members no profanity post questions in appropriate areas ONE question per post [...]

5 12, 2018

Pension Rebates

By |2018-12-05T15:51:32+10:00December 5th, 2018|Tags: , , , |Comments Off on Pension Rebates

Pension Rebates Go to the Forum to see more questions or ask your own Worked examples Most pensions paid by the government departments are taxable. Special rebates operate in relation to the taxation of pensioners’ incomes. The maximum pensioner rebate is $430. This reduces by 12.5 cents for every dollar earned [...]

5 12, 2018

Fees, Charges & Stamp Duty

By |2018-12-05T15:44:10+10:00December 5th, 2018|Tags: , , , , , |Comments Off on Fees, Charges & Stamp Duty

Fees, Charges & Stamp Duty Go to the Forum to see more questions or ask your own Worked examples Stamp Duty on an insurance policy is charged at the rate of 36c per $100 or part thereof. Find the duty when the sum insured is $1030. 1030 ÷ 100 [...]

5 12, 2018

GST

By |2018-12-05T15:36:55+10:00December 5th, 2018|Tags: , , , |Comments Off on GST

GST Go to the Forum to see more questions or ask your own Formulas used in  Worked examples If an item is $120 including the GST: a. Find the GST. b. Find the price before the GST. a. $120 ÷ 11 = $10.91 ∴ the GST is [...]

5 12, 2018

Household Expenses

By |2018-12-05T15:29:02+10:00December 5th, 2018|Tags: , , , |Comments Off on Household Expenses

Household Expenses Go to the Forum to see more questions or ask your own Worked examples If the rate is charges at 0.272950 cents in the dollar and there is a flat charge of $195.00, what is the total bill on a property worth $377,000? 0.272950 × 377,000 = [...]

5 12, 2018

Budgeting

By |2018-12-05T15:19:41+10:00December 5th, 2018|Tags: , , , |Comments Off on Budgeting

Budgeting Go to the Forum to see more questions or ask your own Worked examples Stephen earned $19,840 a year. He spent 32% of it on rent and 60% of the remainder on living expenses. How much did he have left? rent = 19,840 × 32% = $6,348.80 calculate [...]

5 12, 2018

Commission, Piecework & Royalties

By |2018-12-05T15:12:46+10:00December 5th, 2018|Tags: , , , , , |Comments Off on Commission, Piecework & Royalties

Commission, Piecework & Royalties Go to the Forum to see more questions or ask your own Definitions Piecework is a type of wage when the amount you are paid depends on the amount of ‘pieces’ you make. It is commonly used in the manufacture of garments, delivery of leaflets. [...]

5 12, 2018

Wages & Salaries

By |2018-12-05T14:56:38+10:00December 5th, 2018|Tags: , , , |Comments Off on Wages & Salaries

Wages & Salaries Go to the Forum to see more questions or ask your own Formulas used in  Wage: Paid per hour with overtime rates, usually paid weekly or fortnightly Salary: Fixed amount paid for the year, regardless of any overtime, usually paid fortnightly or monthly Worked examples [...]

Show Buttons
Hide Buttons