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Dave Smith is employed to Super Plus Foods Stores Limited as a manager. His salaryis $2,550,000 per annum. He pays PAYE of $25,000 per month.
Dave Smith is employed to Super Plus Foods Stores Limited as a manager. His salaryis $2,550,000 per annum. He pays PAYE of $25,000 per month. For the year of assessment 2022, he received dividends of $125,000 from Lasco Limited (quoted company on JSE); dividends of $29,000 from Cars-To-Go (private company); interest from deposit at NCB of $75,000 (net). Calculate Daves income tax liability for the year of assessment 2022
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