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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

Question 5
[8]
Suppose a natural person of 49 years receives an annual salary of R760000. The person has an investment yielding interest of R2100 per month and contributes R4580 per month to a pension fund. Assume that the following conditions are valid for a tax year for persons younger than 65 years:
\table[[Taxable Income,Tax rate,,,],[0-237100,18% of taxable income,,,],[237101-370500,42678+26% of amount above 237100,,,],[370501-512800,77362+31% of amount above 370500,,,],[512801-673000,121475+36% of amount above 512800,,,],[673001-857900,179147+39% of amount above 673000,,,],[857901-1817000,251258+41% of amount above 857900,,,],[1817001 and above,644489+45% of amount above 1817000,,,],[Interest exemption on investments,],[Maximum amount deductible from taxable income,],[Tax rebates,R23800],[Primary rebate on tax,R17235],[Contributions to annuities,R350000]]
5.1 Determine the taxable income x.
(4)
5.2 Use the information in the table and write the income taxT as a function of taxable income x(piecewise function T(x)), for this specific individual.
(1)
5.3 Determine the tax T(x), due by the person.
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