Income, Expenditure, Interest & Tax is one of 9 topics in the Grade 10 Mathematical Literacy CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. Which of the following is an example of "occasional" expenditure, rather than fixed or variable?
A once-off car repair after an accident
Monthly rent, which stays the same every month
Monthly groceries, which change slightly each month
A fixed monthly cellphone contract fee
Answer: A once-off car repair after an accident — Occasional expenditure only happens sometimes, not every period, such as a once-off car repair, unlike rent (fixed, unchanging every month) or groceries (variable, changing but occurring every month).
Easy
2. What term describes a document listing planned (estimated) income and expenditure for a FUTURE period?
Answer: budget — A budget is a plan listing expected income and expenditure for a future period, used to guide spending decisions.
Medium
3. A learner receives R500 pocket money and earns R250 from a part-time weekend job in one month. What is their total monthly income, in Rand?
