Test on High School Mathematical Literacy Exam

Question 1: If Mrs Swanepoel only contributed to a medical aid for herself and her husband, her annual medical tax credit would be R17 256.

A. Yes

B. No

Explanation: According to the ANNEXURE A, the MTC for 'Main member + 1st dependant' is R728 per month. For Mrs Swanepoel and her husband, this would be R728 multiplied by 12 months, which equals R8 736 annually. Therefore, the claim that her annual medical tax credit would be R17 256 is incorrect.

Question 2: Based on the provided tax information, what is the primary reason why an individual aged 75 years or older would pay less tax than an individual younger than 65 years, assuming they earn the same taxable income?

A. Individuals aged 75 years or older qualify for a lower tax rate percentage across all income brackets.

B. Individuals aged 75 years or older benefit from higher total tax rebates compared to younger individuals.

C. Individuals aged 75 years or older have a higher tax threshold before they start paying tax.

D. Individuals aged 75 years or older receive an additional Medical Tax Credit that is not available to younger individuals.

Explanation: The study materials show that individuals aged 75 years and older receive a Primary, Secondary, and Tertiary rebate, summing to R17 235 + R9 444 + R3 145 = R29 824. Individuals under 65 only receive the Primary rebate of R17 235. The higher total rebate for older individuals directly reduces their overall tax liability, making them pay less tax.

Question 3: The party represented by the dark blue bars consistently received the highest percentage of votes across all three national elections shown in the graph.

A. Yes

B. No

Explanation: In 2014, the dark blue party (Mr C) received approximately 55%. In 2019, the dark blue party (Mr C) received approximately 40%. However, in 2024, the light blue party (Mr C) received approximately 40% of the votes, while the dark blue party (Mr C) received approximately 35%, meaning the dark blue party did not receive the highest percentage in 2024.

Question 4: Based on the information provided in QUESTION 4.1, which of the following statements about job salary data is correct?

A. The data indicates the top 10 highest paying jobs in South Africa.

B. The data explicitly provides the maximum salary for each job.

C. The mean value of the salaries is given as R1 462 000, requiring a missing value G to be calculated.

D. A question is posed to calculate the probability of selecting a job paying less than R100 000 per month.

Explanation: According to section 4.1, 'ANNEXURE D shows the top 10 highest paying jobs in South Africa and the minimum Q1 (Q1) salary of each job,' making option 0 correct. Section 4.1.3 states, 'Calculate the missing value G, if the mean value is R1 462 000,' confirming that the mean value is R1 462 000, making option 2 correct. Option 1 is incorrect because the material specifies 'minimum Q1 (Q1) salary,' not the maximum salary. Option 3 is incorrect because question 4.1.5 asks to 'Determine (as a decimal fraction) the probability of selecting a job that is paying more than R100 000 per month,' not less.

Question 5: The total amount the school will receive for the 2025 matric camp, if there are one hundred learners and no discount is given, is R350 000,00.

A. Yes

B. No

Explanation: The annual matric camp fee for 2025 is R3 500,00 per learner. If there are one hundred learners and no discount is given, the total amount received would be R3 500,00 multiplied by 100 learners, which equals R350 000,00.