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Andile Black for his business for the current ye your argument terms of the general deduction formula, discuss the deductibility of each experi of his
Andile Black for his business for the current ye your argument terms of the general deduction formula, discuss the deductibility of each experi of his business for the current year of assessment Quote relevant case law to support Question 2 (17 Marks) mer received a travel allowance from his employer amounting to R65 000 for the current year or assessment. He uses his car for business and private travels. He bought this car a year ago for R230 000 (including VAT). Bob travelled a total of 14 500 kilometres during the current year of assessment, or which 9 500 were for private purposes. He also kept an accurate record of expenses incurred in respect of the car for the current year of assessment. The costs are as follows Finance charges Maintenance cost Fuel cost Insurance premiums and licences fees 39 555 5500 11 500 4250 Required: Calculate the taxable portion of the travel allowance received by Bob for the 2019 year of assessment (17 marks) USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 3 AND 4 Rueben Nyamayi is 54 years old. He is married and has one 17-year-old child. He had the following income and expenses for the current year of assessment
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