Use the tax tables below to calculate Mr Candy's monthly income tax (PAYE) during the 2020 tax year.

Candy's total annual deductions.
First, we find the annual pension fund and UIF deductions.

$$\text{Annual Pension Fund} = \text{R}5950.50 \times 12 = \text{R}71406.00$$ $$\text{Annual UIF} = \text{R}142.72 \times 12 = \text{R}1712.64$$ $$\text{Total Annual Deductions} = \text{R}71406.00 + \text{R}1712.64 = \text{R}73118.64$$

Candy's taxable income.
Taxable income is the total income minus the non-taxable deductions.

$$\text{Taxable Income} = \text{R}1075060.00 - \text{R}73118.64 = \text{R}1001941.36$$

Candy's annual income tax (PAYE) using the tax table.
Mr. Candy's taxable income of R1 001 941.36 falls into the tax bracket R708 311 – R1 500 000.
The tax formula for this bracket is R207 448 + 41% of taxable income above R708 310.

$$\text{Taxable Income above R}708310 = \text{R}1001941.36 - \text{R}708310 = \text{R}293631.36$$ $$\text{Tax on this portion} = 0.41 \times \text{R}293631.36 = \text{R}120389.8576$$ $$\text{Annual Income Tax (PAYE)} = \text{R}207448 + \text{R}120389.8576 = \text{R}327837.8576$$

Candy's monthly income tax (PAYE).

$$\text{Monthly PAYE} = \frac{\text{R}327837.8576}{12} = \text{R}27319.82146...$$

Rounded to two decimal places, Mr. Candy's monthly income tax is:

$$\boxed{\text{R}27319.82}$$

1.4.2 What was Mr. Candy's monthly take-home pay during the 2020 tax year?

Candy's monthly gross income.

$$\text{Monthly Gross Income} = \frac{\text{R}1075060.00}{12} = \text{R}89588.3333...$$

Candy's total monthly deductions.
This includes the monthly pension fund, UIF, and the calculated monthly PAYE.

$$\text{Total Monthly Deductions} = \text{R}5950.50 + \text{R}142.72 + \text{R}27319.82146... = \text{R}33413.04146...$$

Candy's monthly take-home pay.

$$\text{Monthly Take-Home Pay} = \text{Monthly Gross Income} - \text{Total Monthly Deductions}$$ $$\text{Monthly Take-Home Pay} = \text{R}89588.3333... - \text{R}33413.04146... = \text{R}56175.29187...$$

Rounded to two decimal places, Mr. Candy's monthly take-home pay is:

$$\boxed{\text{R}56175.29}$$