Question 2 0s marks 2.1 One of the major sources of revenue for the government is personal income tax. The tax table for \( 2021 / 2022 \) is given on ANNEXURE \( B \). \( \begin{array}{l}\text { Lesego, a } 57 \text {-year-old gentleman, received an average monthly taxable income of } \\ \text { R4s } 308,50 \text { for the } 2017 / 2018 \text { tax year and he is not a member of a medical aid } \\ \text { scheme. } \\ \begin{array}{ll}2.11 \text { Whte the tax bracket for Lesego. } \\ 2.12 \text { Determine how much tax (tax payable) Lesego has to pay every month. (2) (6) }\end{array}\end{array} . \begin{array}{l}\text { (2) }\end{array} \)
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In South Africa's personal income tax system, tax brackets are tiered, meaning that income is taxed at different rates depending on the band in which it falls. For the 2017/2018 tax year, anyone earning between R0 and R189,880 falls under the lowest bracket, making it crucial for individuals like Lesego, who earns R43,308.50 per month, to be aware of where their earnings land to determine their tax obligations accurately. When calculating Lesego's tax, it's important to first calculate his annual income by multiplying his monthly income by 12, which gives R519,702. This places him in a higher tax bracket, where the rates and thresholds apply. Common mistakes include overlooking deductions or miscalculating monthly payments, so double-checking the figures is key. Always consult a tax professional for personalized advice—it's like having a GPS for navigating the complex tax landscape!
