Sec 1 G3 Math Chapter 9.4: % in Practical Situations_1R5 by Shamsiah Zainalabidin

What is Reverse Percentage?

shamsiah_zainalabidin1 — 2024-07-29 23:57:55 UTC

Include its definition, formula and examples.

What is GST?

shamsiah_zainalabidin1 — 2024-07-30 00:00:32 UTC

Include its definition, formula and examples.

How does GST work in Singapore?

shamsiah_zainalabidin1 — 2024-07-30 00:01:02 UTC

Define these words

shamsiah_zainalabidin1 — 2024-07-30 00:02:03 UTC

Include 2 different examples.

What is income tax?

shamsiah_zainalabidin1 — 2024-07-30 00:04:04 UTC

Who needs to pay Income Tax? How is income tax calculated?

Define each type of taxes.

shamsiah_zainalabidin1 — 2024-07-30 00:04:35 UTC

Define Discount and provide examples

shamsiah_zainalabidin1 — 2024-07-30 00:05:14 UTC

Define Simple Interest

shamsiah_zainalabidin1 — 2024-07-30 00:06:27 UTC

Include the formula and example.

Is there a way to help us remember Simple Interest Formula?

shamsiah_zainalabidin1 — 2024-07-30 00:14:51 UTC

How is GST calculated in a restaurant that charges service charge?

shamsiah_zainalabidin1 — 2024-07-30 00:24:44 UTC

Group 5

2024-07-30 00:56:15 UTC

Installment- a sum of money due as one of several equal payments for something , spread over an agreed period of time

Benjamin

2024-07-30 00:56:35 UTC

Definition-Goods and services Tax

Formula-GST formula:To add GST to a price, simply multiply the price of the item by the GST rate.

Example-The GST will add on the price by 9%.For example, if we want to find both the GST paid on a $100 product and the GST-exclusive price of a $100 product, use the following steps: $100 divided by 11 = $9.09. $9.09 is the GST. To find GST-exclusive price, multiply $9.09 by 10 which gives us $90.91.

Fun Fact:India has the highest GST charge💁🏿‍♂️💁🏿💁🏿‍♂️💁🏿

10 Rupee = 0.16 SGD

Group 5

2024-07-30 00:57:05 UTC

an initial payment made when something is bought on credit.
a part of the full price paid at the time of purchase or delivery with the remainder to be paid later.

Nathan low 1B and Samuel ow 1D

2024-07-30 00:57:45 UTC

How does GST work in Singapore.

Goods and services tax (gst) is a tax that is paid on goods or services consumed domestically, including imports.

Gst is a multi-stage tax that is collected at each stage of the production and distribution chain.

Output gst - the gst that a gst-registered business charges on its local supplies of goods and services. Output gst is is collected by the business on behalf of the government.

Input gst - the gst that a gst-registered business pays on its purchases of goods and services for business purposes.

2024-07-30 00:58:23 UTC

Property Tax
Property tax is imposed on owners of properties based on the expected rental values of the properties.

JULIAN🛩️🗼🗼

2024-07-30 00:59:39 UTC

GST, or Goods and Services Tax, is a consumption tax applied to most goods and services sold within a country. It's a multi-stage tax, meaning it's levied at each stage of production and distribution. The final consumer bears the burden, with the tax included in the product's price. Governments collect GST to fund public services. While it simplifies the tax system, the impact on consumers and businesses can vary based on the specific GST rates and regulations of a country.The country with the highest GST is Australia.

Skibidi sigma natajainel

2024-07-30 01:00:47 UTC

Down payment "it had taken their savings to make the down payment on a house”

Instalment "the first instalment of a grant for housing"

Types of taxes

2024-07-30 01:01:23 UTC

Economic development 13.1%

Social development 55.3%

Security and external relations 28.1%

Government administration 3.4%

Government operatiing revenue:

.income tax

.goods and services tax

.property tax

.corporate tax

.stamp duty

.gambling duties

.casino tax

.estate duty

Other taxes imposed by the government and administrated by other government agencies include:

customs, excise, and carbon taxes

Motor vehicle taxes

Vehicle quota premiums

Fees and charges(excluding vehicle quota premiums)

kyra and eugracia (group 2)

2024-07-30 01:01:33 UTC

a discount is a deduction from the usual cost of something.

Imagine you want to buy a new jacket. The price of a jacket is $80, but there is a promotional discount of 25% being offered. Discount=List Price×(Discount Percentage/100) = 80×(25/100)=80×0.25=$20.

Group 8

2024-07-30 01:01:52 UTC

GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services. It is a multi-stage, destination-oriented tax imposed on every value addition, replacing multiple indirect taxes, including VAT, excise duty, service taxes, etc.

A taxable supply is one that is standard-rated or zero-rated. Standard-rated supply - GST is chargeable at 9%. Zero-rated supply - GST is applied at 0% for the transaction. A GST-registered person charges GST at 0% on his zero-rated supplies, but he can claim the GST paid on his purchases to make those supplies

The price of the product is increased by a specific percentage

Group 2 Xander and Ryan

2024-07-30 01:01:59 UTC

A 20% discount is applied on a object that is $100 will bring the price down to $80

Cherylynn

2024-07-30 01:03:12 UTC

Income Tax
Income tax is chargeable on the income of individuals and companies.

Goods & Services Tax (GST)
GST is a tax on consumption. The tax is paid when money is spent on goods or services, including imports.
Property Tax
Property tax is imposed on owners of properties based on the expected rental values of the properties.
Stamp Duty '
This is imposed on commercial and legal documents relating to stock & shares and immovable property.
Gambling Duties
These are duties on betting, lotteries, sweepstakes, and gaming machines in any non-casino premises.
Casino Tax
The casino tax is a tax levied on the casinos’ gross gaming revenue.
Estate Duty (Removed for deaths occurring on or after 15 Feb 2008)
Estate duty is levied on the value of a deceased's net assets in excess of a threshold amount.

Arkin, Leona, Kyo Sei and Naveena

2024-07-30 01:03:24 UTC

Define Simple interest:
Simple interest is a technique used to calculate the proportion of interest paid on sum over a set time period at a set rate.

2024-07-30 01:03:52 UTC

Benjamin

Definition-Goods and services Tax

Formula-GST formula:To add GST to a price, simply multiply the price of the item by the GST rate.

Fun Fact:India has the highest GST charge💁🏿‍♂️💁🏿💁🏿‍♂️💁🏿

10 Rupee = 0.16 SGD

👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿

2024-07-30 01:04:41 UTC

Benjamin

Definition-Goods and services Tax

Formula-GST formula:To add GST to a price, simply multiply the price of the item by the GST rate.

Fun Fact:India has the highest GST charge💁🏿‍♂️💁🏿💁🏿‍♂️💁🏿

10 Rupee = 0.16 SGD👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿👦🏿

Isabella and Noelle

2024-07-30 01:04:57 UTC

Because since now GST is 9%, the restaurant will multiply the bill by 1.09. Service charge 10% and for both service charge and gst u have to multiply it by 1.199.

Kayla (sorry there are lots of taxes)

2024-07-30 01:05:00 UTC

Property Tax. All properties in Singapore are subject to property tax. This includes vacant lots as well as HDB apartments, factories, warehouses.

Withholding Tax. Singapore imposes a tax on businesses that derive income from Singapore for services performed by Singapore.

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI), which updates Singapore's tax treaties

2024-07-30 01:05:56 UTC

Benjamin

Definition-Goods and services Tax

Formula-GST formula:To add GST to a price, simply multiply the price of the item by the GST rate.

Fun Fact:India has the highest GST charge💁🏿‍♂️💁🏿💁🏿‍♂️💁🏿

10 Rupee = 0.16 SGD

2024-07-30 01:06:58 UTC

Grp 1

2024-07-30 01:07:50 UTC

Reverse percentage is a way of working backwards on a percentage question to find the original price of the object.

Video

2024-07-30 01:10:43 UTC

https://m.youtube.com/watch?v=XSGdzJSO3sQ&pp=ygUYc2ltcGxlIGludGVyZXN0IG1lYW5pbmcg

Jordan,tzun wei,qiao qiao,megan

2024-07-30 01:13:00 UTC

Income tax is a type of tax governments impose on income generated by businesses and individuals within their jurisdiction. It is used to fund public services, pay government obligations, and provide goods for citizens. Income tax is calculated by Determining your gross income, then subtracting deductions, then calculate the adjusted gross income, apply tax rates, account for credits, calculate final tax liability ,consider pre payments and witholdings.Lastly, determine the amount due or refund. (cannot get into details as it is too long).

group 4 (lyvia grp)

2024-07-30 01:24:34 UTC

ways to remember simple interest: