2. Personal income tax rates in South Africa, 2015/16 Taxable income Rand 0-181 900 181 901...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2. Personal income tax rates in South Africa, 2015/16 Taxable income Rand 0-181 900 181 901 284 100 284 101-393 200 393 201-550 100 550 101-701 300 701 301 and above Use the table above to: R 32 742 R 59 314 R 93 135 R 149 619 R 208 587 Tax Payable 18% of each R1 +26% of the amount above R181 900 +31% of the amount above R284 100 +36% of the amount above R393 200 + 39% of the amount above R550 100 +41% of the amount above R701 300 A. Calculate income tax of an individual if income is R170 000 B. Calculate income tax of an individual if income is R350 000 (2) (3) 2. Personal income tax rates in South Africa, 2015/16 Taxable income Rand 0-181 900 181 901 284 100 284 101-393 200 393 201-550 100 550 101-701 300 701 301 and above Use the table above to: R 32 742 R 59 314 R 93 135 R 149 619 R 208 587 Tax Payable 18% of each R1 +26% of the amount above R181 900 +31% of the amount above R284 100 +36% of the amount above R393 200 + 39% of the amount above R550 100 +41% of the amount above R701 300 A. Calculate income tax of an individual if income is R170 000 B. Calculate income tax of an individual if income is R350 000 (2) (3)
Expert Answer:
Answer rating: 100% (QA)
4 Since taxable income falls in ronge of 0181900 Inc... View the full answer
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Posted Date:
Students also viewed these accounting questions
-
Question 1. This question is based on a journal article that appeared in the New England Journal of Medicine: Gawande AA et al., "Risk factors for retained instruments and sponges after surgery."...
-
1 For each employee with a salary greater than 100 000 list the employee s id employeeid first name empfname last name emplname and salary empsalary as high salary Records should appear in descending...
-
A pair of points is given. (0, 8), (3, 0) (b) Find the distance between them. (c) Find the midpoint of the segment that joins them. (x, y) = ------- Find an equation of the circle that satisfies the...
-
Use the Ratio Test to determine the values of x 0 for which each series converges. 00 X' k=0
-
Refer to the graphic on next page What do you Plan to Spend your Tax Refund on? (page 12). a. Describe the population of interest. b. Describe the sample most likely used for this report. c. Identify...
-
Assume there are three debt ratings: A, B, and D, where D stands for default. The one-period risk-neutral transition probability matrix for ratings is given as: What is the probability of default of...
-
How much under budget is operating revenne at this point in the fiscal year?
-
Distinguish common-value and private-value auctions; provide examples of each. Distinguish descending-price (Dutch) auctions and ascending-price (English) auctions; provide examples of each.
-
Select the matrix that represents the vector. 10 5 10 -5 0. 5 10 5
-
Your final portfolio for the class will be to create a marketing plan for an existing company and Your final portfolio for the class will be to create a marketing plan for an existing company and...
-
The sales manager complains that his sales representatives are not meeting monthly quotas. You are convinced that reps need more sales training to handle the situation and solve the problem....
-
A group of patients volunteered to be part of a clinical trial for a vaccine. That group consists of 68 patients who experienced muscle aches, 23 patients who experienced headaches, 12 patients who...
-
What does the following program do? import turtle def main(): turtle.hideturtle () square (100,0,50, 'blue') def square (x, y, width, color): turtle.penup () turtle.goto (x, y) turtle.fillcolor...
-
Reverse engineer (disassemble) the following code snippet into an equivalent C code snippet. mov ebx, Dah xor ecx, ecx some Loop: xor eax, eax push eax push ecx push 3 push Oah push eax call cybr mov...
-
(KHC) is considering an investment project that requires a new machine for producing special tools. This new machine costs $1,000,000 and will be depreciated over 10 years on a straight-line basis...
-
What is the initial cost of the signage area renovation? (1 point) 100,000 What is the incremental cash flow of the signage area renovation for the first year (including the tax benefits)? (1 point)...
-
The current sections of Marie Inc.s balance sheet at December 31, 2011 and 2012, are presented here. Maries net income for 2012 was $200,000. Depreciation expense was $24,000. 2012 2011 Current...
-
One study found that the elderly who do not have children dissave at about the same rate as the elderly who do have children. What might this finding imply about the reason the elderly do not dissave...
-
If an acquiree liquidates, what are the key accounts raised by the acquiree and what accounts are transferred to these accounts?
-
Discuss the similarities and differences between the criteria used to identify subsidiaries and that used to identify associates.
-
Write a report for the accountant at Mensa Ltd advising on the following issues: 1. Should the adjustments to fair value be made in the consolidation worksheet or in the accounts of CancerLtd? 2....
-
In this chapter, we discussed the personal qualifications, educational requirements, and experience requirements of different countries. Develop a matrix that includes countries down one side and the...
-
Why are the audits of most of the largest global companies done by the Big Five auditing firms?
-
What are some of the challenges global auditing firms face in trying to service their clients?
Study smarter with the SolutionInn App