• To calculate Candle Light (Pty) Ltd's turnover tax liability for the 2022 year of assessment, we need to determine the taxable turnover and then apply the appropriate tax rate. Taxable turnover = Cash receipts - Refunds from outstanding debtors - Refunds from suppliers = 405,000 - 30,000 - 22,000 - 13,000 = 340,000 Now, let's calculate the turnover tax liability based on the taxable turnover: Taxable turnover tax rates for micro businesses: - 0% on the first R335,000 of taxable turnover - 1% on the taxable turnover between R335,001 and R500,000 Taxable turnover up to R335,000: 0% tax rate Taxable turnover between R335,001 and R340,000: 1% tax rate Tax liability on the taxable turnover between R335,001 and R340,000: = (340,000 - 335,000) * 1% = 5,000 * 1% = 50 Therefore, Candle Light (Pty) Ltd's turnover tax liability for the 2022 year of assessment is R50.