Question
Mrs Tredoux is a monthly employee. She is 40 years old and has 2 beneficiaries on her medical aid excluding herslef. Mrs Tredoux receives a
Mrs Tredoux is a monthly employee. She is 40 years old and has 2 beneficiaries on her medical aid excluding herslef. Mrs Tredoux receives a monthly travel allowance of R2050. She travelled 9074km in total and 3210km were for private use. Refer to table below for mrs tredoux monthly processing and answer questions as follows.
Basic salary R16432.90
Medical aid employee amount R1020
Medical aid employer amount R1020
Provident actual% R337.94 Tax deductible deduction employee contribution)
Provident actual% R337.94 Company contribution
Commission R3976.40
Taxable travel portion 1 ?
Acqusition of asset R1082.60
Paye Tax ?
1. What is the value of the annualized remuneration for mrs Tredoux
2. What is the taxable value of the travel allowance benefit?
3. What is the PAYE for mrs tredoux before deducting medical aid tax credits
4. What is the total value of tax deductible deductions for mrs tredoux?
5. What is the value of the fringe benefit?
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