ACTIVITY 3 A 66 years old man earning a monthly taxable income of R33750, who is contributing towards medical aid for himself, his wife and two children wants to retire and take his family to Dubai for a holiday. 3.1. Define the term taxable income. 3.2. Calculate his annual taxable income. 3.3. He claims that he receives R13334 for medical tax-credit, verify with calculations whether his claim is valid or not. 3.4. Hence calculate his monthly tax-payable. 2 3 6 8​