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Question 2 (17 Marks) 2.1 Bob Miller received a travel allowance from his employer amounting to R 65 000 for the current year of assessment.

Question 2 (17 Marks)

2.1 Bob Miller received a travel allowance from his employer amounting to R 65 000 for the current year of assessment. He uses his car for business and private travels. He bought this car a year ago for R 230 000 (including VAT). Bob travelled a total of 14 500 kilometres during the current year of assessment, of which 9 500 were for private purposes. He also kept an accurate record of expenses incurred in respect of the car for the current year of assessment. The costs are as follows: R Finance charges R 39 555 Maintenance cost R 5 500 Fuel cost R 11 500 Insurance premiums and licences fees R 4 250 Required: Calculate the taxable portion of the travel allowance received by Bob for the 2019 year of assessment. (17 marks)

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