Question 2 mathematical lit

MATHEMATICAL LITERACY (Paper 1) 10601/21 QUESTION ? 13 Mrs Ndlovu, who is 58 years old, cams a monthly income of R60 000. Each month she contributes the following from her monthly income: Medical aid for herself, her husband and two children 7,5% of her basic income is contributed to a pension fund. I'% of her basic income is contributed to the UIF (max. R148,72). Use the tax table on ANNEXURE B in the ADDENDUM to answer the questions that follow. 2.LI Explain what the tax threshold for people 65 years and younger means to a taxpayer. 2.1.2 Calculate Mrs Ndlovu's annual taxable income. 213 Determine Mrs Ndlovu's annual medical aid tax credits. 2.1.4 Mrs Ndlovu stated that her monthly tax contribution is R 9 111,75. Verify, showing ALL calculations, whether her statement is valid. 2.2 The reality is that education is expensive. Refer to the table of comparative education fees in ANNEXURE C in the ADDENDUM, to answer the questions that follow. 2.2.1 What is the difference between public primary school fees and private primary school fees for the year 20207 2.2.2 Minerble's parents are planning on sending him to a private school and expect to pay R20 725 per month for the first 12 months that he is in high school. In what year will he start high school? 2.23 Joshua's parents realised that education is expensive and started saving to start his university education in 2025. At the end of 2021 they would have saved RHS 653,77. They decided to invest this amount at 6,6% p.a compounded interest for the 3 remaining years Joshua worked out during his Mathematical Literacy class that his parents will not have saved enough money by the end of 2024 and will have to add about R250,00. Verify, showing ALL calculations, whether Joshua's calculations were valid. E