Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 3: (10 points): Jamal received a salary of 47,000 (PAYE deducted in year 5,000) and 10,000 deposits interest in the bank for the tax
Question 3: (10 points):
- Jamal received a salary of 47,000 (PAYE deducted in year 5,000) and 10,000 deposits interest in the bank for the tax year.
What is tax payable for the year?
- Ragad uses her own vehicle to complete in the company. During the taxable year she derived 100,000 km and the company paid for her 0.70 per km.
Instruction: Calculate the total Allowable deduction in her income for the tax year, if the statutory approved allowance as the following:
- 0km-10,000km 0.20
- 10,001km 15,000km 0.37
- 15,001km 25,000km 0.50
- 25,001km and more 0.8
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