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Question 5 [ 8 ] Suppose a natural person of 4 9 years receives an annual salary of R 7 6 0 0 0 0
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Suppose a natural person of years receives an annual salary of R The person has an investment yielding interest of R per month and contributes R per month to a pension fund. Assume that the following conditions are valid for a tax year for persons younger than years:
tableTaxable Income,Tax rate,,, of taxable income,,, of amount above of amount above of amount above of amount above of amount above and above, of amount above Interest exemption on investments,Maximum amount deductible from taxable income,Tax rebates,RPrimary rebate on tax,RContributions to annuities,R
Determine the taxable income
Use the information in the table and write the income taxT as a function of taxable income piecewise function for this specific individual.
Determine the tax due by the person.
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