4.1

Mr Chuene, a resident of the Republic, is 21 year old, unmarried and with no children. He receives a monthly salary of R20 000. He contributes R1 500 a month to a pension fund and R1 000 to a medical scheme. Mr Chuene's employer paid R500 a month in respect of a policy insurance against the loss of income for the benefit of Mr Nkosi. You are required to calculate the annual equivalent of Mr Chuene's balance of remuneration for the 2023 year of assessment.

4.2

Dube Attorneys received R450 000 in rental income on behalf of a client Sibongile Masocha. Sibongile Masocha owns two warehouses which she leases to different companies. Dube Attorneys received these rentals and pays them over to Sibongile Masocha during the current year of assessment.