A summary of income and expenses for the 2019 tax year of assessment for Dorothy, a 46-year-old resident of South Africa is presented below: Commission received 360 000 Rent from property in South Africa 20 000 Annuity from SA insurance company 3 600 Dividends from South African public company 800 Interest received from SA bank 1 300 EXPENSES on property Rates and taxes 1 700 Insurance 1 000 Additions to property 20 000 Water and electricity 3 500 Repairs 5 000 Wages 4 000 Required:

Calculate the Taxable Income and Total tax liability of Dorothy for the 2019 year of assessment.

2022 tax year (1 March 2021 – 28 February 2022)

Taxable income (R)	Rates of tax (R)
1 – 216 200	18% of taxable income
216 201 – 337 800	38 916 + 26% of taxable income above 216 200
337 801 – 467 500	70 532 + 31% of taxable income above 337 800
467 501 – 613 600	110 739 + 36% of taxable income above 467 500
613 601 – 782 200	163 335 + 39% of taxable income above 613 600
782 201 – 1 656 600	229 089 + 41% of taxable income above 782 200
1 656 601 and above	587 593 + 45% of taxable income above 1 656 600

Answer rating: 100% (QA)

Income Commission received R360000 Rent from property R20000 Annuity R3600 ... View the full answer