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Pleaseassist l dont understand how we got 149088.this taxable income was 874300 Using the above table, Daemon's tax liability is calculated as follows: R Tax
Pleaseassist l dont understand how we got 149088.this taxable income was 874300
Using the above table, Daemon's tax liability is calculated as follows: R Tax on first R216,200 0.18216,200=38,916 Tax on next R337,800 - R216,200 0.26(874,300216,200)=149,088 Total tax liability 38,916+149,088=187,004 Explanation: Therefore, Daemon Steven's tax liability for the 2023 year of assessment is R187,004Step by Step Solution
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