Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Value Added Tax (VAT)
15% VAT is payable on all goods and services, except for sanitary pads, fresh
produce and a few other staple food items. We will assume that 1.0% of goods
bought by this family, are non-VAT items.
The net salary of the Zulu household after all deductions (tax, home loan,
pension, medical, UIF etc), is R17 889 pm.
If they, on average, spend R14 850 of this on VAT items such as food, petrol,
clothing, cell phones, TV, entertainment etc, then;
2.1. calculate the tax amount they pay in the form of VAT.
(3)
[3]​

Sagot :

If they have 14,850 of taxable expenses then we can do 14,850*.15 to get an answer of 2,227.50 of tax on that amount; the remaining 3,039 of their income taxed at the 1% rate would be taxed 30.39
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.