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Calculate the net salary of H Gordon for December INFORMATION H . Gordon s basic annual salary is R 2 4 0 0 0 0

Calculate the net salary of H Gordon for December

INFORMATION

.

Gordon

s basic annual salary is R

240 000 .

He receives an annual bonus of

80 %

of his basic monthly salary, payable in December each year. His pension deduction is

8 %

of the basic salary and income tax is levied at

20 %

on his taxable income.

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