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Financial Maths, STD2 F1 2012 HSC 18 MC

Jo qualifies for both Rent Assistance and Youth Allowance and receives a fortnightly payment from the government. 

Rent Assistance is  $119.40  per fortnight. 

The maximum Youth Allowance is $402.70 per fortnight. It is reduced by 50 cents in the dollar for any income earned over $236 per fortnight.

Jo earns $300 per fortnight from a part-time job.

What is the total payment Jo receives each fortnight from the government?

  1. $370.70
  2. $372.10
  3. $458.60
  4. $490.10
Show Answers Only

`D`

Show Worked Solution

`text(Rent assistance)\ = $119.40`

`text(Youth allowance)` `= 402.70\ text(less 50c per dollar)\ \ (text(income) > $236)`
  `= 402.70-0.5(300-236)`
  `= 402.70-32`
  `= $370.70`

 

`:.\ text{Total Payment}` `=119.40 + 370.70`  
  `=$490.10`  

 
`=>  D`

Filed Under: Earning and Spending Money, Earning Money and Budgeting (Std 1), Earning Money and Budgeting (Std 2), FM1 - Earning money, Ways of Earning (Std2-2027) Tagged With: Band 4, num-title-ct-corea, num-title-qs-hsc, smc-1126-10-Wages, smc-4331-10-Wages, smc-6276-40-Govt Payments, smc-810-10-Wages

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