This is an extract from the information that was provided to Ms Marita Snyman, the taxpayer who earned a monthly salary in 2023/24. The information explains how to work out how much tax he had to pay on her income. Note that there are seven different tax brackets' where different tax rates are applied. TABLE 2: INCOME TAX RATES FOR THE 2023/2024 TAX YEAR. Taxable Income(R) 1-237 000 237 001 370 500 370 501 512 800 512 801 -673 000 673 001 -857 900 857 901 1817 000 1817 001 and above Age category Primary Rates of tax (R) 18% of taxable income 42 678+26% of taxable income above 237 000 77 362+31% of taxable income above 370 500 121 475+36% of taxable income above 512 800 179 147+39% of taxable income above 673 000 251 258+41% of taxable income above 857 900 644 489+45% of taxable income above 1817 000 REBATES Threshold Secondary (65 and older) Tertiary (75 and older) 17 235 9444 95750 148 217 3145 165 689 [source: www.SARS.gov.za) Use the information above to answer the questions that follow. (4) 2.1 2.2 Explain the difference between Monthly Salary and Annual Salary. Write down two Non-Taxable incomes for the Personal Income Tax. (4) 2.3 Write down the formula on how to calculate the Taxable Income. (2) 2.4 Show how the amount of R179 147 in Column 5 of Rates of tax (R) and the amount of R165 689 from the Threshold were calculated. (7) 2.5 Calculate the monthly tax for Ms Marita Snyman (67 years), who earns a taxable income of R0,915 000 million, would have to pay. (9) 2.6 Give One reason and show calculations, why a domestic worker, who is earning R25,42 per hour for eight hours per day, five days a week, is not legible to pay tax. (4) [30] QUESTION 3 I 2.5 calculate the monthly tax for ms snyman 67 years. who earns a taxable income of R 0.915689 million would have to pay
