TABLE 2 shows data for South African assessed taxpayers for the 2018 tax year - NSC Mathematical Literacy - Question 3 - 2021 - Paper 2
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 Taxpaye... show full transcript
Worked Solution & Example Answer:TABLE 2 shows data for South African assessed taxpayers for the 2018 tax year - NSC Mathematical Literacy - Question 3 - 2021 - Paper 2
Step 1
Calculate missing value C.
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Answer
To find the missing value C, we add up all the taxable income groups:
C=16302+15030+577196+292017+783526=1656072
Thus, C = 1 656 072.
Step 2
Determine, to THREE decimal places, the probability of randomly choosing an assessed taxpayer if South Africa's population was 57,73 million in 2018.
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Answer
The probability is calculated as:
P=577300004917029≈0,085
Thus, rounded to three decimal places, the probability = 0.085.
Step 3
Calculate, in rand, the mean monthly taxable income per taxpayer in the R70 001 to R350 000 taxable income group.
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Answer
The mean taxable income per taxpayer can be calculated as:
Mean Monthly Income=2856843577196000000=R202096,397
Thus, the monthly taxable income per taxpayer is approximately R202 096,40.
Step 4
Explain, showing calculations, how this percentage was obtained.
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Answer
For the taxable income group R1 to R70 000, the tax assessed is 0.
