Question
4. John, aged 45, received the following receipts and accruals for the 2020 year of assessment: A- Disability pension of R90 000 B Local dividend
4. John, aged 45, received the following receipts and accruals for the 2020 year of assessment: A- Disability pension of R90 000 B Local dividend of R15 000 C Interest received from local banks R36 000 D Salary R 250 000 Required: Calculate his income for the 2020 year of assessment (Gross income less exemptions). (6) A. R286 000 B. R391 000 C. R262 200
4. John, aged 45, received the following receipts and accruals for the 2020 year of assessment: A- Disability pension of R90 000 B - Local dividend of R15 000 C- Interest received from local banks R36 000 D-Salary R 250 000 Required: Calculate his income for the 2020 year of assessment (Gross income less exemptions). (6) A R286 000 B. R391 000 C C R262 200Step by Step Solution
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
