Question

QUESTION 3
Mpho is a 67-year-old woman working at a research company and earning a monthly
exable income of R37 000. ANNEXURE A below shows the individual tax rates for
2019/2020
3.1.1
Calculate Mpho's annual taxable income and identify her tax bracket
(3)
3.1.2 Hence calculate her annual income tax.
(5)
ANNEXURE A below shows the individual tax rates for 2019/2020
South African Individual Taxpayers
Tax Income
bracket exceeding:
Rates of tax (R)
Not
Exceeding:
1
RO
R195 850
18% of taxable income
2.
R195 851
R305 850
3
R305 851
R423 300
4
R423 301
R555 600
5
R555 601
R708 310
R35 253 + 26% of taxable income above R195 850
R63 853 + 31% of taxable income above R305 850
R100 263 + 36% of taxable income above R423 300
R147 891 + 39% of taxable income above R555 600
R207 448 + 41% of taxable income above R708 310
R532 041 + 45% of taxable income above R1 500 000
6
R708 311
R1 500 000
7
R1 500 001
and above
x Rebates
Tax Rebate
2019/2020
R14 220
Primary
Secondary (Persons 65 and older)
Tertiary (Persons 75 and older)
R 7 794
R 2 601​

Answer 1

Answer:

exable income of R37 000. ANNEXURE A below shows the individual tax rates for

2019/2020

3.1.1

Calculate Mpho's annual taxable income and identify her tax bracket

(3)

3.1.2 Hence calculate her annual income tax.

(5)

ANNEXURE A below shows the individual tax rates for 2019/2020

South African Individual Taxpayers

Tax Income

bracket exceeding:

Rates of tax (R)

Not