1.1 Mrs May is a single mother who is an educator earning R336 000 per annum - NSC Mathematical Literacy - Question 1 - 2017 - Paper 2
Question 1
1.1 Mrs May is a single mother who is an educator earning R336 000 per annum. She has two children, a 19-year-old boy who is at university and a 24-year-old girl who... show full transcript
Worked Solution & Example Answer:1.1 Mrs May is a single mother who is an educator earning R336 000 per annum - NSC Mathematical Literacy - Question 1 - 2017 - Paper 2
Step 1
1.1.1 Identify the salary row to which Mrs May belongs for both medical aid options.
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Answer
Mrs May belongs to the salary row that corresponds to an annual income of R336 000 for both medical aid options. For Emerald, the contribution amount is R19 089. For Onyx, the amount is R23 551.
Step 2
1.1.2 Calculate the difference in contribution for the whole family between the two medical aid options for a month.
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To find the monthly contribution for both options:
1.1.3 If she chooses Emerald and R2 530 is deducted from her salary, calculate the percentage that the government subsidises her for medical aid. Round your answer to one decimal place.
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The government subsidy can be calculated as follows:
Subsidy = Contribution (Emerald) - Amount deducted from salary = R5 102 - R2 530 = R2 572.
Percentage subsidised = (Subsidy / Contribution) * 100
= (R2 572 / R5 102) * 100 ≈ 50.4%.
Rounded to one decimal place, this is 50.4%.
Step 4
1.1.4 The medical aid scheme has a fitness exercise programme. What is the importance of such a fitness programme?
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Fitness programmes are important as they promote healthy lifestyles among members, which can lead to reduced medical costs in the long run. They encourage physical activity, help manage weight, improve mental well-being, and can reduce the risk of chronic diseases.