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Question 3
TABLE 2 shows data for South African assessed taxpayers for the 2018 tax year. TABLE 2: TAXPAYERS BY INCOME GROUP AS ASSESSED FOR 2018 | Taxable income group |... show full transcript
Step 1
Answer
To calculate the missing value C, we sum up all the taxable income assessed from each income group:
So,
Thus, value C is 1 656 462 million.
Step 2
Answer
The probability P of randomly choosing an assessed taxpayer is given by the formula:
Rounded to three decimal places, the probability is approximately 0,085.
Step 3
Step 4
Answer
To find the percentage for the tax assessed in the R1 to R70 000 group, we use:
Since we'd round -1,09% to 0,0%, this explains why the tax assessed percentage is shown as 0,0%.
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