Question 205 maris 21 One of the major sources of revenue for the govemment is personal income tax. The tax table for \( 2021 / 2022 \) is given on ANNEXURE B. Lasego a 57 -year-aid gentleman, recelved an average monthly taxable income of R46 308,50 for the \( 2017 / 2018 \) tax year and he is not a member of a medical aid scheme. 21.1 Whele the tax bracket for Lesego. (2) 212 Detanine how much tax (tax payable) Lesego has to pay every month. (6)
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The tax bracket for Lesego would typically be determined by consulting the tax table for the specific tax year, which outlines the income ranges and the corresponding tax rates. For the 2017/2018 tax year, individuals earning a large average monthly taxable income like R46,308.50 are likely in one of the higher tax brackets, which generally requires higher rates of taxation. To calculate Lesego's monthly tax payable, you would first apply the annual income based on his average monthly income, multiply it by 12 to find annual taxable income. Then, you would use the tax brackets from the 2017/2018 tax year to determine the cumulative tax owed, subtract any rebates applicable, and divide by 12 to find the monthly tax payable. Do remember to check for any applicable thresholds or deductions that might reduce his taxable income!