4.1 REQUIRED: Calculate the tax payable by Mixit CC for the year of assessment ending 28 February 2017. (5 marks) INFORMATION Mixit CC is a registered micro business. Its receipts and expenses for the year ended 28 February 2017 are as follows: Turnover of micro business Interest received Rental from fixed property R 600 000 34 000 72 000 Running costs of micro business Repairs to fixed property 450 000 48 000