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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 1(Total 25 marks)
(a) David Ford is a senior accountant of Pep Super market . Details of his earnings for the year ended 30 June 2020 are: P
Basic salary 600,000
Commission received 238,736
Company car Cost 380,000
Company provided housing Rateable value 620,000
Utilities paid by the company 32,865
School fees paid by the company 63,872
Medical aid paid by the company 24,618
Cell phone allowance 18,000
PAYE withheld 237,129
Other information:
1. David is a member of the companys pension scheme to which he contributes 5% of his basic salary and the company contributes 10%
2. David pays P24,000 towards his company provided house.
3. David was reimbursed P13,716 for entertainment expenses which he had incurred during the year.
4. During the year David cashed in some of his leave for P37,450.
5. In October 2018, the Labour Court awarded David P50,000 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 30 June 2020.
Note: Indicate any amounts not taxable or not deductible by the use of zero (0).(9 marks)
(ii) Calculate the tax payable by or refundable to David Ford for the tax year ended 30 June 2020.

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