tax ass
Assessment The following table shows the tax that a person has to pay per year. TAXABLE INCOME R0 – R80 000 R80 000 - R120 000 R120 000 – R160 000 R160 000 – R220 000 R220 000 and more
TAX RATE 18% R12 000 + 20% of the amount above R80 000 R20 000 + 25% of the amount above R120 000 R30 000 + 30% of the amount above R160 000 R42 000 + 35% of the amount above R220 000
How much tax must a person pay if the taxable income per year is: R75 000 (A) (B) Nog niks nie R12 000 (C) R13 000
(D) R13 500
How much tax must a person pay if the taxable income per year is: R97 500 (A) (B) R15 500 R17 550 (C) R3 500
(D) R3 150
True or False: If a person earns R150 000 per year, the tax he has to pay per month is R2 291,67. True
False
Financial Mathematics
TAX RATE 18% R12 000 + 20% of the amount above R80 000 R20 000 + 25% of the amount above R120 000 R30 000 + 30% of the amount above R160 000 R42 000 + 35% of the amount above R220 000
How much tax must a person pay if the taxable income per year is: R75 000 (A) (B) Nog niks nie R12 000 (C) R13 000
(D) R13 500
How much tax must a person pay if the taxable income per year is: R97 500 (A) (B) R15 500 R17 550 (C) R3 500
(D) R3 150
True or False: If a person earns R150 000 per year, the tax he has to pay per month is R2 291,67. True
False
Financial Mathematics
