A till slip shows the following items and prices: ... [detailed till slip data] ... Answer the following questions: 1.2.1 How did Jane pay for her shopping? 1.2.2 How much will she have paid for buyin

Here are the answers to your questions based on the till slip: 1.2.1 How did Jane pay for her shopping? Step 1: Locate the payment information on the till slip. The till slip states "EFT credit card payment". Jane paid for her shopping using an EFT credit card payment. 1.2.2 How much will she have paid for buying 1 litre quantity of oil at the Shaney store? Step 1: Identify the price of the oil on the till slip. The till slip shows "Sunflower Oil 250ml" for R14.99. Step 2: Calculate how many 250ml quantities are in 1 litre (1000ml). 1000 ml250 ml = 4 Step 3: Multiply the price of one 250ml quantity by the number of quantities needed for 1 litre. 4 × R14.99 = R59.96 She would have paid R59.96 for 1 litre of oil. 1.2.3 Why are some of the items marked with an asterisk(*)? Step 1: Identify the items marked with an asterisk. The items marked with an asterisk are "Sunflower Oil 250ml", "Brown Bread", and "Pumpkin Seed". Step 2: Sum the prices of these asterisked items. R14.99 + R10.99 + R6.99 = R32.97 Step 3: Compare this sum to the "Zero VAT" amount on the till slip. The "Zero VAT" amount is R32.97. This matches the sum of the asterisked items. The items marked with an asterisk are zero-rated for VAT, meaning no Value Added Tax is charged on them. 1.2.4 Show, by means of calculations whether the VAT calculation is correct or not. Step 1: Identify the taxable amount and the VAT amount from the till slip. The till slip shows "Taxable" amount as R160.27 and "VAT" as R23.73. The standard VAT rate in South Africa is 15%. Step 2: Calculate the expected VAT based on the taxable amount and the standard VAT rate. Calculated VAT = 15\% × Taxable amount Calculated VAT = 0.15 × R160.27 Calculated VAT = R24.0405 Step 3: Compare the calculated VAT to the VAT amount shown on the till slip. The calculated VAT is R24.04 (rounded to two decimal places), while the till slip shows R23.73. The VAT calculation on the till slip is incorrect. The correct VAT should be R24.04, not R23.73. Send me the next one 📸