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QUESTION 1 ( Total 2 5 marks ) ( a ) David Ford is a senior accountant of Pep Super market . Details of his
QUESTION Total marks
a David Ford is a senior accountant of Pep Super market Details of his earnings for the year ended June are: P
Basic salary
Commission received
Company car Cost
Company provided housing Rateable value
Utilities paid by the company
School fees paid by the company
Medical aid paid by the company
Cell phone allowance
PAYE withheld
Other information:
David is a member of the companys pension scheme to which he contributes of his basic salary and the company contributes
David pays P towards his company provided house.
David was reimbursed P for entertainment expenses which he had incurred during the year.
During the year David cashed in some of his leave for P
In October the Labour Court awarded David P as a result of a pay dispute against the company commenced in the previous year.
Required:
i Calculate David Fords taxable income for the year ended June
Note: Indicate any amounts not taxable or not deductible by the use of zero marks
ii Calculate the tax payable by or refundable to David Ford for the tax year ended June
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