4.2 Katlego (who is 24 years old) has two jobs: one at the PYEI and the other at a retail store. He earned a combined annual taxable income of R87 329 for the 2021/2022 tax year. TABLE 4 shows the personal income tax rates, tax rebates and tax thresholds for 2021/2022. TABLE 4: PERSONAL INCOME TAX RATES, TAX REBATES AND TAX THRESHOLDS FOR 2021/2022 TAX RATES 2021/2022 TAXABLE INCOME (R) R0–R216 200 R216 201-R337 800 R337 801-R467 500 R467 501-R613 600 TAX REBATES 2021/2022 Primary (below 65) Secondary (65 and older) Tertiary (75 and older) TAX THRESHOLDS 2021/2022 Below age 65 Age 65 to age 74 Age 75 and older 4.2.1 4.2.2 4.2.3 18% of each R1 R38 916 +26% of the amount above R216 200 R70 532 +31% of the amount above R337 800 R110 739 + 36% of the amount above R467 500 R15 714 R8 613 R2 871 RATES OF TAX (R) R87 300 R135 150 R151 100 Use TABLE 4 and the information above to answer the questions that follow. Calculate Katlego's annual tax payable for the 2021/2022 tax . Define the term tax rebate. [Adapted from www.sars.za] Show that the tax threshold for age 65 to age 74 in the table is CORRECT. (4)
