1. Kasy drew up a household budget. Income Salary Interest from Investments Income from Royalties Expenditure R19 456 Fixed expenses: R230 Rent R10 000 Car payment Fixed deposit Variable Expenses: Electricity Food Landline (internet) Cellphone Water sewage Entertainment Irregular Expenses: Jeyser repair R6 500 R2 999 R2 000 k5.000 R300 R225 R130 RI 500 ge Total income: Money left over: a) Fill in Kasy's total income and total expenditure. Did Kasy's budget exceed her income? If not, how much money has she got left for additional saving or for miscellaneous expenses? b) It makes economic sense for your rent not to exceed 30% of your income. Does Kasy's rent stick to this rule of thumb? Explain, and show your calculations. Buying a car on terms locks you into a 3-, 4- or S-year repayment pla. Kasy bought her car on a 4-year plan. How much will she pay over the 4-year period for the car? d) What irregular expense is Kasy budgeting for? What percentage of her income is this irregular expense? e) Does Kasy have income left for luxury items? If so, list some items she may consider buying. f) Kasy earns some money in the form of royalties. What are royalties? luxury Item or service an item or service that is nui essential for daily life, but which makes life easier or more convenient bursary - a sum of money given to you by an organisation for the purposes of covering your studying costs Und