Maths Monkey — Printable Worksheet
MathsMonkey
Grade 11Mathematical Literacy
2026
Grade 11 MathLit - Finance: Payslips, Tax & Foreign Exchange
mathsmonkey.co.za

Instructions: Round all money answers to 2 decimal places. Show the tax bracket used. State the exchange rate clearly in each currency question.

Section A: Payslip Analysis (6 marks)

EarningsDeductions
Basic salaryR 22 000PAYE (18%)
CommissionR 3 500UIF (1%)
Gross incomeMedical aidR 1 250
Pension (7.5%)
Total deductions
Net pay
  1. Calculate gross income, PAYE, UIF, pension, total deductions and net pay. (6)

Section B: Income Tax Table (6 marks)

Taxable incomeRate
R 0 - R 226 00018% of income
R 226 001 - R 353 100R 40 680 + 26% of amount above R 226 000
R 353 101 - R 488 700R 73 726 + 31% of amount above R 353 100

Annual taxable income: R 310 000

  1. Which bracket applies? (1)

  2. Calculate the tax payable. (3)

  3. Calculate the monthly tax amount. (2)

Section C: Hire Purchase (4 marks)

A TV costs R 8 999. On hire purchase: 10% deposit, then 24 monthly payments of R 395.

  1. Calculate the deposit. (1)

  2. Calculate the total hire purchase price. (2)

  3. How much extra do you pay compared to the cash price? (1)

Section D: Foreign Exchange (4 marks)

Exchange rates: R 1 = USD 0.054 | R 1 = EUR 0.049 | 1 GBP = R 23.40

  1. Convert R 15 000 to USD. (1)

  2. Convert R 8 500 to EUR. (1)

  3. A flight costs GBP 420. Calculate the cost in Rands. (2)

Total: 20 marks