ORMATIVE ASSESSMENT I QUESTION 3 (14 MARKS) newer the below multiple-choice questions, Support your answer by showing your alculations for each answer you select. 1) Winnie is 66 years old. She incurred no medical expenditure during the year of assessment. Her normal tax payable for the 2021 year of assessment, in respect of taxable income of R355 000, is: (A) R60 300 (B) R48 275 (C) R57 075 (D) R54 341 (E) R58 670 Mr. and Mrs. Swartz are married in community of property. Mr. Swartz (75 years old) received a salary of R250 000 for the year of assessment ending 28 February 2021. He also received taxable interest of R71 400 on a fixed deposit held locally. (Individuals 65 years and older are entitled to an R34 500 local interest exemption, while individuals under 65 years are entitled to an R23 800 local interest exemption). Mrs. Swartz (64 years old) received a rental income of R144 000 from renting out an apartment in Cape Town. What is Mr. Swartz's taxable income for the 2021 year of assessment? (A) R307 700 (B) R271 400 (C) R236 900 (D) R240 361 (E) R247 600 ANNEXUREE FORMATIVE ASSESSMENT 1 3.3) Use the information in question 2 (above) and assume that Mr. Swartz's taxable income is R423 000. What is Mr Swartz's normal tax for the 2021 year of assessment? (A) R75 555 (B) R78 156 (C) R85 950 (D) R100 170 (E) R98 578 4) Using the information in question 2 (above), what is Mr. Swartz's normal tax payable? To answer this question, you can assume that his normal tax for the 2021 year of assessment is R99 883. (A) R29 883 (B) R76 726 (C) R5 268 (D) R65 268 (E) R75 268 Charles passed away suddenly on 31 December 2019. He was 65 years old when he died. For the 10 months that he was alive, his taxable income for the year of assessment, amounted to R799 000. His normal tax for the 2021 year of assessment is: (A) R230 247 (B) R222 453 (C) R244 630 (D) R240 361 (E) R327 180 ORMATIVE ASSESSMENT I QUESTION 3 (14 MARKS) newer the below multiple-choice questions, Support your answer by showing your alculations for each answer you select. 1) Winnie is 66 years old. She incurred no medical expenditure during the year of assessment. Her normal tax payable for the 2021 year of assessment, in respect of taxable income of R355 000, is: (A) R60 300 (B) R48 275 (C) R57 075 (D) R54 341 (E) R58 670 Mr. and Mrs. Swartz are married in community of property. Mr. Swartz (75 years old) received a salary of R250 000 for the year of assessment ending 28 February 2021. He also received taxable interest of R71 400 on a fixed deposit held locally. (Individuals 65 years and older are entitled to an R34 500 local interest exemption, while individuals under 65 years are entitled to an R23 800 local interest exemption). Mrs. Swartz (64 years old) received a rental income of R144 000 from renting out an apartment in Cape Town. What is Mr. Swartz's taxable income for the 2021 year of assessment? (A) R307 700 (B) R271 400 (C) R236 900 (D) R240 361 (E) R247 600 ANNEXUREE FORMATIVE ASSESSMENT 1 3.3) Use the information in question 2 (above) and assume that Mr. Swartz's taxable income is R423 000. What is Mr Swartz's normal tax for the 2021 year of assessment? (A) R75 555 (B) R78 156 (C) R85 950 (D) R100 170 (E) R98 578 4) Using the information in question 2 (above), what is Mr. Swartz's normal tax payable? To answer this question, you can assume that his normal tax for the 2021 year of assessment is R99 883. (A) R29 883 (B) R76 726 (C) R5 268 (D) R65 268 (E) R75 268 Charles passed away suddenly on 31 December 2019. He was 65 years old when he died. For the 10 months that he was alive, his taxable income for the year of assessment, amounted to R799 000. His normal tax for the 2021 year of assessment is: (A) R230 247 (B) R222 453 (C) R244 630 (D) R240 361 (E) R327 180