Question 4Select the information you need from the following figures and calculate the nationalincome for the year shown:Government Spending R18 000Depreciation R6 000Investment spending R35 000Net foreign spending R12 000Indirect taxes R14 500Net factor payments (R4 000)Consumer spending R30 000Subsidies R4 000 Tax paid at different income levelsR10 000R2 50025%R20 000R30 000Taxation AR40 000R5 000R7 500R10 000X25%25%(a) Calculate the value for X in the table:i.25%ii. 30%iii. 35%Tax paid at different income levelsR10R2 500Y000(c) The type of taxation applicable to taxation A is:i. proportional.ii. progressive.iii. regressive.R20000(d) The type of taxation applicable to taxation B is:i. proportional.ii. progressive.iii. regressive.R30000(b) Calculate the value for Y to complete the table:i. 25%ii. 50%iii. 40%R40000TaxationBR7 000R12 000R18 00035%40%45%(e) The Smiths have an income of R40 000. They pay R5 000 medical expenses and are allowed

Question 4 Select the information you need from the following figures and calculate the national income for the year shown: Government Spending R18 000 Depreciation R6 000 Investment spending R35 000 Net foreign spending R12 000 Indirect taxes R14 500 Net factor payments (R4 000) Consumer spending R30 000 Subsidies R4 000