NORTHERN CAPE DEPARTMENT OF EDUCATION

MATHEMATICAL

LITERACY

TEACHER NOTES

FINANCIAL DOCUMENTS
1
The following must be evident in the leaners' books:
1. Topic e.g. Finance
2. Sub-topic e.g. Financial documents – Bank Statement
3. Date
4. Source and page number
5. Definitions on sub-topic busy with
6. Example
7. Class work
8. Homework
9. Questions (Exercises) marked
10.Corrections

FINANCIAL DOCUMENTS / FINANSIËLE DOKUMENTE

Minimum of 6 questions

Please use the following to determine which questions are applicable to the relevant grade
(CAPS pg. 49):

Financial documents grade 10, 11, and 12:

Documents relating to personal and/or household finance, including:
 household bills (e.g. electricity, water, telephone, cell phone)
 shopping documents (e.g. till slips, account statements)
 banking documents (e.g. bank statements and fee structures)
 household budgets

Financial documents grade 11 and 12:

Documents relating to workplace and small business finance, including:
 payslips; budgets; quotations; invoices; receipts; travel allowance/claim forms;
banking documents

Financial documents grade 12:

Documents relating to national/global and more complex financial topics, including:
 tax forms (e.g. tax deduction and tax rate tables, IRP5 forms, employee income tax
forms)
 loan documentation, including:
- agreements stating loan conditions (e.g. term of the loan, interest rate)
- statements from banks and other loan institutions showing changes in a loan
agreement (e.g. interest rate and monthly repayment changes)

2
QUESTION / VRAAG 1
1.1 Mark (2)

1.2 R12,50 + R14,50 + R15,50 + R29,00 + R12,50

= R84,00 (2)

1.3 R29,00
2
= R14,50 (2)

1.4 10
× R534,00
100
= R53,40 (2)

1.5 R534,00 + R53,40

= R587,40 (2)

1.6 𝑅587,404 ÷ 4
= R146,85 (2)
[12]

QUESTION / VRAAG 2

2.1 R4 656,71 (2)

2.2 Full date/Volle datum

1 February/Februarie 2019
01/02/19
01/02/2019 (2)

2.3 R1 215,36 (2)

2.4 R3 750,00 (2)

2.5 FNB electroninc payments/ENB elektroniese betaling

R101,99 + R698,01
= R800,00 (3)
[11]

3
QUESTION / VRAAG 3

3.1.1 Balance/Balans = R185 960 (2)

3.1.2 Annual interest rate/Jaarlikse rentekoers

67,25 365
= 100%
185960
(2)
= 13,2%

3.1.3 A = 186 027,25 – 10 800

(a) = R175 227,25 (2)

3.1.3 B = 17 200 (2)

(b)

3.1.4 Money that went out of the account, reducing the available balance/ Geld wat
uit die rekening is, dit het die beskikbare saldo verminder (2)

3.1.5 67,25 + 17 200 + 10 643,89 + 8000

= R35 911,14 (2)

3.2.1 An employee is a person employed for a wage or salary. Mr van Wyk is thus
an employee at Albie's Wireless/'n Werknemer is 'n persoon wat in diens is vir
'n loon of salaris. Mnr van Wyk is dus 'n werknemer by Albie's Wireless (2)

3.2.2 Earnings/Verdienstes
R25 000 + R4 700 + R1 200
= R30 900,00

Pension/Pensioen
0,075 × R25 000
= R1 875,00

Deductions/Aftrekkings
R2 540,52 + R148,72 + R1 875,00 + R3 876,59 = R8 440,83 CA

R30 900 – R8 440,83

R22 459,17 (4)
[18]

4
QUESTION / VRAAG 4

4.1 December / Desember

OR / OF

The twelfth month of the year/Twaalfde maand van die jaar

OR / OF

The last month of the year/Laaste maand van die jaar (2)

4.2 The overall limit exceeded

Die algehele limiet oorskry (2)

4.3 Dr Dhlamini (2)

4.4 6,3
Increased amount / Verhoogde waarde = R736,90 ×  R46,42
100

New price / Nuwe prys = R46,42 + R736,90

(3)
= R783,32

4.5 Tax claimable / Belasting eisbaar = R5 326,66 – R445,10

= R4 881,56 (2)

4.6 Money the member must pay to the suppliers.

Geld wat die lid aan die verskaffers moet betaal. (2)

4.7 Total amount / Totale bedrag

=R173,03 + R117,44 + R61,50 +R80,98 + R46,80
= R479,75

OR / OF

Total amount / Totale bedrag

= R1 661,75 – R736,90 – R445,10
= R479,75 (2)
[15]

5
QUESTION / VRAAG 5

5.1 Employee works and receives money for the work done.
Employer is a person or institution that hires workers and pays wages/salary
for work done.

Werknemer werk en ontvang geld vir werk gedoen.

Werkgewer is 'n persoon of instansie wat werkers huur en lone/salarisse
betaal vir werk gedoen (2)

5.2 Unemployment Insurance Fund

Werkloosheidsversekeringsfonds (2)

5.3 R15 521 (2)

5.4 No / Nee
No amount allocated
Geen bedrag toegeken nie (2)

5.5 Monthly tax credit = R2 760 ÷ 12

= R230 (2)

5.6 A = R13 909 + R20 013 + R8 640

= R42 562 (2)

5.7 Gross non-retirement funding income / Bruto niepensioenfondsinkomste

= R15 521 + R26 188 + R8 640
= R50 349

OR / OF

Adding the amounts with source codes 3605, 3713 and 3810

OR / OF

Adding the annual payment other allowances and medical aid contributions
Tel die jaarlikse betaling, ander toelaes en mediesefondsbydraes bymekaar (2)

5.8 Remaining monthly contributions / Oorblywende maandelikse bydraes

= R13 909 – R4 975,25

= R8 933,75

Average monthly contribution = R8 933,75 ÷ 7

= R1 276,25 (5)
[19]
 QUESTION / VRAAG 6

6.1 T Diale (2)

6.2 17 (2)

6.3 IB = R20 + R2 400 + R1 000 + R600

= R4 020 (3)

6.4 R29,67 (2)

6.5 Amount = R 382,14 + 22 695,98 + 191,07

= R 23 269,19 (2)

6.6 5 569,75
% dep to TSD = × 100
23 269,19
= 23,9% (3)

6.7 PP fee = R 6 205,48 – 6 204,38

= R1,10 (2)
[16]

QUESTION / VRAAG 7

7.1 Market value/Markwaarde

= R944 630,00
Nine hundred and forty four thousand six hundred and thirty rand.
Negehonderd vier en veertig duisend ses honderd en dertig rand. (2)

7.2 Litres/liter OR/OF ℓ (2)

7.3 Monthly sewer charge/Maandelikse rioolverwyderingskoste

A = R378,95 (2)
[06]

7
QUESTION / VRAAG 8

8.1 3/Three/Drie (2)

8.2 ABC made For You S OR/OF made For You S (2)

8.3 VAT calculation/BTW-berekening

= (R355,65 + R260 + R337,35) × 15%

= R953,00 × 15%

= R142,95 (2)

8.4 A = R355,65 + R260 + R337,35 + R142,95

= R1 095,95
OR/OF
A = R953 × 1,15
= R1 095,95

OR/OF
A = R953 + R142,95
= R1 095,95 (2)

8.5 Impossible /Not possible/No chance/Zero percent/Zero/Zero out of three

Onmoontlik/Nie moontlik nie/Geen kans/Nul persent/Nul/Nul uit drie (2)
[10]