Question

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.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Therefore, Mrs Hay's average rate of tax is 18.14% and her marginal rate of tax is 26%.