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Part 1: GSTYou’re setting up a market stall and are putting price tags on your items for sale. Calculate the final price you will charge for each item. How much GST did you collect?NumberItemGST exclusive priceGSTGST inclusive price1Tea candle$2.602Scented tea candle$3.203Cube candle$5.404Scented cube$6.005Gift box of tea candles$10.406Hanging ball candle$6.207Fluoro cube$6.208Slow burning dinner candle$4.609Box slow burners$21.1010Tea candle…

Maddie, Anwar and Tom all went to the same country high school, but now they live in the city and share a house. The rent for the house is $150 per person each week which includes electricity. Maddie is a student and works waiting tables at a local Italian restaurant a few nights each week and takes home about $360. Her parents pay her rent for her to help out. Anwar is an apprentice electrician. His take-home pay is $735 each week. He pays…

Part 1: Superannuation guarantee contributionSet up a spreadsheet to complete the missing information table 1. Assume that the superannuation guarantee is 10%.Table 1: Superannuation guaranteeAnnual salarySuper guarantee contribution$34,800$56,900$157,540$221,754$22,175.40$6,110$12,210$8,645$10,200$9,450Add a column to your spreadsheet to calculate the super guarantee contributions at an increased rate of 12.5%.Draw a conclusion on the…

You are going to use a number of online resources to choose and compare the quality of educational institutions that best meet the needs of different individuals. Record your responses on the Choosing what and where to study – Worksheet. Step 1 Go to Course Seeker and type an appropriate course into the search bar. Use the filters on the left-hand margin to narrow your search. Identify up to 4 tertiary institutions that meet the needs of…

‘Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't ... pays it.’ – Albert EinsteinCompound interest is calculated on the principal amount that you borrowed or invested and on the accumulated interest of previous periods – It is regarded as ‘interest on interest’.Compound interest is a way to grow your savings (or debt) faster. Figure 1 shows the difference compound interest can make on a $10,…

Refer to Choosing what and where to study – Instructions. Jane - Jane is in Year 12 and would like to become an accountant. She lives in Sydney (postcode 2016) and does not want to travel further than 50 km to study. Her ATAR is predicted to be between 60-70 Institution details Option 1 Option 2 Option 3 Option 4 1. Institution Name 2. Level of qualification for example,…

  Part 1: Calculating simple and compound interest Set up a spreadsheet to complete the missing information in table 1. Information for setting up spreadsheet using the simple and compound interest formulae Principal ($) Interest rate/rate of return (%) Time (years) Simple interest Balance with simple interest Compound interest…

Refer to the glossary in the ‘Financial and study support’ section on the Study Assist website.The HELP schemeRefer to the Study Assist website to find a definition for each of the following:Commonwealth supported placeHECS-HELPFEE-HELPOS-HELPSA-HELPCreate an infographic or visual representation to show the relationship between the different HELP loans.Use the eligibility tool on the Study Assist website to find out what HELP loan you might be…