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Currently PNG kina is buying Australian 50.42066. How much Australian $5, 000 is PNG kina?

Mathematics

ScanSolve AI Answer

Answer

A

Step-by-step solution

13 steps

Here are the solutions to the questions:

Part 1· 2 steps

How much Australian $5,000 is in PNG kina?

  1. Identify the exchange rate.

    Given that PNG kina is buying Australian $0.42066, this means:

    1 AUD=10.42066 Kina1 \text{ AUD} = \frac{1}{0.42066} \text{ Kina}
  2. Convert Australian dollars to PNG Kina.

    Amount in Kina=5,000 AUD×1 Kina0.42066 AUD\text{Amount in Kina} = 5,000 \text{ AUD} \times \frac{1 \text{ Kina}}{0.42066 \text{ AUD}} Amount in Kina=5,0000.42066 Kina\text{Amount in Kina} = \frac{5,000}{0.42066} \text{ Kina} Amount in Kina≈11,886.0837 Kina\text{Amount in Kina} \approx 11,886.0837 \text{ Kina} Amount in Kina=K11,886.08\text{Amount in Kina} = \text{K}11,886.08

    The correct option is A.
    The final answer is A. K11,886.08\boxed{\text{A. K11,886.08}}.

Part 2· 3 steps

Calculate Papsy's taxable income.

  1. Identify Papsy's total income.

    Total Income=K35,000\text{Total Income} = \text{K}35,000
  2. Identify Papsy's total deductions.

    Total Deductions=Interest+Tax agent fee+Purchase of uniforms\text{Total Deductions} = \text{Interest} + \text{Tax agent fee} + \text{Purchase of uniforms} Total Deductions=K29+K80+K120=K229\text{Total Deductions} = \text{K}29 + \text{K}80 + \text{K}120 = \text{K}229
  3. Calculate Papsy's taxable income.

    Taxable Income=Total Income−Total Deductions\text{Taxable Income} = \text{Total Income} - \text{Total Deductions} Taxable Income=K35,000−K229=K34,771\text{Taxable Income} = \text{K}35,000 - \text{K}229 = \text{K}34,771

    The correct option is D.
    The final answer is D. K34,771\boxed{\text{D. K34,771}}.

Part 3

What is the equivalent price of the camera in PNG kina (PGK)?

To solve this, the exchange rate between Singapore Dollars (SGD) and PNG Kina (PGK) is required. This information is not provided in the question or the image. Therefore, this question cannot be solved.

Part 4· 2 steps

How much GST did Nara pay?

Assumption: The price K839.95 is the GST-inclusive price, and the GST rate is 10%.

  1. Calculate the price of the phone before GST.

    If K839.95 includes 10% GST, then it represents 110% of the original price.

    Price before GST=K839.951+0.10=K839.951.10\text{Price before GST} = \frac{\text{K}839.95}{1 + 0.10} = \frac{\text{K}839.95}{1.10} Price before GST≈K763.5909\text{Price before GST} \approx \text{K}763.5909
  2. Calculate the amount of GST paid.

    GST Paid=GST-inclusive price−Price before GST\text{GST Paid} = \text{GST-inclusive price} - \text{Price before GST} GST Paid=K839.95−K763.5909\text{GST Paid} = \text{K}839.95 - \text{K}763.5909 GST Paid≈K76.3591\text{GST Paid} \approx \text{K}76.3591 GST Paid=K76.36\text{GST Paid} = \text{K}76.36

    The correct option is C.
    The final answer is C. K76.36\boxed{\text{C. K76.36}}.

Part 5· 2 steps

Calculate the (10%) GST inclusive price of the cooking oil.

  1. Identify the price before GST and the GST rate.

    Price before GST=K3.41\text{Price before GST} = \text{K}3.41 GST Rate=10%=0.10\text{GST Rate} = 10\% = 0.10
  2. Calculate the GST inclusive price.

    GST Inclusive Price=Price before GST×(1+GST Rate)\text{GST Inclusive Price} = \text{Price before GST} \times (1 + \text{GST Rate}) GST Inclusive Price=K3.41×(1+0.10)\text{GST Inclusive Price} = \text{K}3.41 \times (1 + 0.10) GST Inclusive Price=K3.41×1.10\text{GST Inclusive Price} = \text{K}3.41 \times 1.10 GST Inclusive Price=K3.751\text{GST Inclusive Price} = \text{K}3.751

    Rounding to two decimal places, K3.75. The closest option is A.
    The final answer is A. K3.74\boxed{\text{A. K3.74}}.

Part 6

How much would this carving be worth in Euro (EUR) back in Germany?

To solve this, the exchange rate between PNG Kina (K) and Euro (EUR) is required. This information is not provided in the question or the image. Therefore, this question cannot be solved.

Part 7· 2 steps

Find the approximate tax that is payable on an income of K35,000.

  1. Analyze the "Tax Graph".

    The graph shows a linear relationship between Taxable Income (X-axis) and Tax payable (Y-axis).
    From the graph, we can observe points like (K10,000, K5,000), (K20,000, K10,000), (K30,000, K15,000), etc.
    This indicates that the Tax payable is 50% (or 0.5) of the Taxable Income.

    Tax Payable=0.5×Taxable Income\text{Tax Payable} = 0.5 \times \text{Taxable Income}
  2. Calculate the tax for an income of K35,000.

    Tax Payable=0.5×K35,000\text{Tax Payable} = 0.5 \times \text{K}35,000 Tax Payable=K17,500\text{Tax Payable} = \text{K}17,500

    The closest option to K17,500 is K18,000.
    The final answer is D. K18,000\boxed{\text{D. K18,000}}.

Part 8· 2 steps

Calculate the approximate taxable income with a tax of K7,000.

  1. Use the relationship derived from the "Tax Graph".

    Tax Payable=0.5×Taxable Income\text{Tax Payable} = 0.5 \times \text{Taxable Income}

    Rearrange to find Taxable Income:

    Taxable Income=Tax Payable0.5\text{Taxable Income} = \frac{\text{Tax Payable}}{0.5}
  2. Calculate the taxable income for a tax of K7,000.

    Taxable Income=K7,0000.5\text{Taxable Income} = \frac{\text{K}7,000}{0.5} Taxable Income=K14,000\text{Taxable Income} = \text{K}14,000

    The closest option to K14,000 is K13,000.
    The final answer is D. K13,000\boxed{\text{D. K13,000}}.

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