Income
What are 2 main ways to earn an income?
Salary, wages, commission
What is interest?
Money paid for the privileged of someone lending you money
How is 3:5 written as a fraction?
3/5
What is tax? What is it for?
Tax is money paid to the government it is for public services such as hospitals, schools, roads, medicare etc.
What animals are on the 50c Australian coin?
Emu & Kangaroo
If Will earns $15 an hour at McDonalds, how much will he earn if he works 4 hours a normal rate, 2 hours at double time?
$120
What is simple interest?
The same interest year after year
Simplify the ratio 10:25 by finding the HCF
HCF = 5
2:5
What is the idea behind tax?
The more money you earn the more you pay
Of the 25 deadliest snakes in the world how many live in Australia? (closest gets points)
21
What is it called when your gross income has deductions taken out?
Net income
What is the simple interest formula? And what do each pronumeral represent?
SI=Prn
SI = simple interest
P = principal
r = interest rate
n = number of periods
What is $80 with a 20% decrease?
$64
What can a teacher get deductions on?
laptop, pens, pencils, paper, arts and craft etc
What country has the highest population in the world?
China
How much would a electrician earn in 20 months if they earn $50,000 yearly?
$90,000
What is something you invest into and receiving interest for?
Bank account
If $300 is increased by 10% and then decreased by 20% what is its value now?
$264
Using the table below how much tax does a doctor pay that has $300,000 in taxable income?
| $180,001 and over* | $54,547 plus 45c for every $1 over $180,000 |
$108,096.55
What planet is closest to Earth?
Venus
If a 3 week holiday was taken by a plumber that earn $600 a week. How much holiday pay would be earned?
$2115
Jenny invests $15,000 at a rate of 6% for 3 years. What is the simple interest and the amount available at the end of the 3 years?
$2,700 and $17,700
Simplify 18:6:57
6:2:19
A farmer brought fencing equipment that was worth $100,000 and then got 10% in deductions. The farmer's taxable income is $82,000 including deductions. Using the table below find the amount of tax the farmer has to pay.
| $37,001 - $80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
tax = $14,947
What is the name of Andy's neighbour in Toy Story?
Sid