QUESTION $2$

$(16$ marks$)$

Answer the following short questions:

$2\mathrm{.}1$ Name and discuss two principles of a good tax system.

$(4$ marks$)$

$2\mathrm{.}2$ Identify the difference between direct and indirect taxes and provide two examples of direct tax and two examples of indirect taxes.

$(6$ marks$)$

$2\mathrm{.}3$ When referring to persons other than a natural person $-$ identify how you would determine whether such a person is a resident or not.

$(2$ marks$)$

$2\mathrm{.}4$ Assume the following for Marvin's $2024$ year of assessment:

$\backslash$table$[[$Income$,$R$1000000],[$Taxable income,R$800000],[$Tax liability,R$228677]]$

Calculate Marvin's statutory $-$ and effective tax rates based on the assumptions above. Round all answers to the nearest percentage.

$(4$ marks$)$