xes have on Task 1: Personal Income Tax Personal Income Tax is a tax imposed on individuals or entities that varies with respective income and profits. As South Africans, we pay personal income tax on our taxable income, based on the SARS tax tables. For this investigation, we will use an average middle class family of four, The Zulu family which consist of Mr Zulu who is 45 years old, his wife who is 42 years old and their two children. The family earns a taxable income of R32 000 per month. Mr Zulu also pays medical aid for him and his family members. 1.1. The applicable portion of the SARS tax table rates for 2019/2020 for this family, is given below: Annual taxable Income 1 Up to R195 850 Use the tables below to help you answer the questions that follows. Annual Tax Payable 18% of taxable income R35 253 +26% of taxable income above R195 850 R63 853 + 31% of taxable income above R305 850 R100 263 + 36% of taxable income above R423 300 R147 891 + 39% of taxable income above R555 600 Tax Rebates R195 851 - R305 850 R305 851 - R423 300 R423 301 - R555 600 R555 601 and above Tax rebate Tax Year 2020 Primary R14 220 Secondary (65 and older) Tertiary (75 and older) R7 794 R2 601 rebates 19