Answer:
Taxable income:
Taxable income includes wages, salaries, bonuses, and tips, as well as investment income and various types of unearned income. ... Taxable income also includes earnings generated from appreciated assets that have been sold during the year and from dividends and interest income.
Tax rebates:
A tax rebate (or tax refund) is money you reclaim from HMRC if you've paid too much tax. Travel tax refunds are a great example. If you're paying your own way to get to temporary workplaces, you can claim back some tax on your travel expenses.
Tax threshold:
The tax threshold is the amount of income below which you do not pay any income tax. The filing threshold is the income amount below which you do not have to file a tax return to Sars.
