CUESTIOH $1$

Sam Sthole is a resident of the Republic. He is $47$ years old and is married in community of property.

pom:

The following information relates to the $2023$ year of assessment for Sam and his wile, Meg.

Income from a South African source.

A salary of R$550000$ from his employer, a motor manufacturing company.

He does part$-$ine academic work for a private higher educaton college and earned an income of R$110000$ as part of his business income for the year of assessment.

Net rentals of R$90000$ was earned from a bachelor flat in Margate.

Interest of R$34000$ was earned from various stort$-$term investments.

Income from a South African source for Meg:

Rent receved from an outhouse on ther propety anourted to R$60$ C$00$ expenses for the year. His employer contribued R$40000$ to the nedcal schene durng the year.

Required:

Calculate Sam Stholes fomal tax lab ity for the $2023,$ ear of assessment.