Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mr. Thabo (age 65) earns an annual salary of R 160 000, a travel allowance of R 40 000 (his employer expects that he will
Mr. Thabo (age 65) earns an annual salary of R 160 000, a travel allowance of R 40 000 (his employer expects that he will travel roughly equal distances for business and private purposes) and contributes R 15 000 to a pension fund (paid out of salary earnings only). He also contributed R 40 000 towards a retirement annuity during the 2022 tax year.
Calculate the employees' tax deducted from his monthly salary for the year ended 28 February
(12)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started