Ryan received a travelling allowance of R72000 from his employer.He used two vehicles during the year of assessment. vehicle 1 was purchased second hand for R215 000 vat included and was traded in for vehicle 2. vehicle 2 is new and cost was R310 000 vat included. During the year of assessment he used vehicle 1 for 106 days and vehicle 2 for 259 days and he did not keep accurate records of costs incurred. He travelled 10231KM in vehicle 1 during 2021 year of assessment and 20880KM in vehicle 2. His logbook showed that he travelled 4027 business KM in vehicle 1 and 8085 business KM in vehicle 2during the 2022 year of assessment.

Calculate the taxable amount of travel allowance for the year assessment ending in 2022.

RE ARY SECTION A Answer ALL the questions in this section. Question 1 (20 Marks) 1. Ryan received a travelling allowance of R72 000 (R6 000 a month) from his employer. He used two vehicles during the year of assessment. 2. Vehicle 1 was purchased second-hand (actual retail market value) for R215 000 (including VAT) and was traded in for vehicle 2. 3. Vehicle 2 (new) cost (actual retail market value) R310 000 (including VAT). 4. During the year of assessment, he used vehicle 1 for 106 days and vehicle 2 for 259 days. He did not keep accurate records of costs incurred. 5. He travelled 10 231 km in vehicle 1 during the 2021 year of assessment and 20 880 km in vehicle 2. 6. His log-books showed that he travelled 4 027 business km in vehicle 1 and 8 085 business km in vehicle 2 during the 2022 year of assessment. YOU ARE REQUIRED: Calculate the taxable amount of the travel allowance for the year of assessment ending in 2022