Calculate the extra amount she has to pay compared to buying the \( h \) solar system unit for cash. Miecke is 45 years old and earns a monthly taxable income of R39 275,85 2023/2024 tax year. She does not beiong to a medical aid. ANNEXURE A shows the annual tax table for individuals for the 2023/2024 tax Ise ANNEXURE A and the information abovs to answer the questions that follo 3.1 Identify the tax bracket that Miecke will use to calculate her incon payable. 3.2 Calculate Miecke's annual tax payable for the 2023/2024 tax year.

To determine Miecke's annual tax payable for the 2023/2024 tax year, we'll follow these steps: ### 3.1 Identify the Tax Bracket **Miecke's Annual Taxable Income:** - **Monthly Income:** R39,275.85 - **Annual Income:** R39,275.85 × 12 = **R471,310.20** **Tax Brackets for 2023/2024:** | **Taxable Income (R)** | **Tax Rate** | |--------------------------------|-------------------------------------------| | 0 – 23,700 | 0% | | 23,701 – 37,000 | 18% of the amount above R23,700 | | 37,001 – 90,000 | R3,366 + 26% of the amount above R37,000 | | **90,001 – 1,500,000** | **R16,623 + 31% of the amount above R90,000** | | 1,500,001 and above | R449,143 + 36% of the amount above R1,500,000 | **Determination:** Miecke's annual income of **R471,310.20** falls within the **R90,001 – R1,500,000** tax bracket. ### 3.2 Calculate Miecke's Annual Tax Payable Using the identified tax bracket: **Tax Formula:** \[ \text{Tax Payable} = R16,623 + 31\% \times (\text{Taxable Income} - R90,000) \] **Calculations:** 1. **Determine the Amount Above R90,000:** \[ R471,310.20 - R90,000 = R381,310.20 \] 2. **Calculate 31% of the Amount Above R90,000:** \[ 0.31 \times R381,310.20 = R118,206.16 \] 3. **Total Tax Payable:** \[ R16,623 + R118,206.16 = R134,829.16 \] **Final Answer:** Miecke’s **annual tax payable** for the 2023/2024 tax year is **R134,829.16**.