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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):

  1. 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?

  1. 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:

  1. 0km-10,000km 0.20
  2. 10,001km 15,000km 0.37
  3. 15,001km 25,000km 0.50
  4. 25,001km and more 0.8

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