Mrs Hay’s average rate of tax is 39 904/220 000 x 100/1 = 18, 14%. Her marginal rate
of tax is 26%, being the rate of tax which Mrs Hay will pay on her last Rand of taxable
income
1 answer
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of tax is 26%, being the rate of tax which Mrs Hay will pay on her last Rand of taxable
income
1 answer