Question
Thabo is a b8-year-old resident of the Republic who works in the oil industry. He has been marned in commun of property to Thandi (aged
Thabo is a b8-year-old resident of the Republic who works in the oil industry. He has been marned in commun of property to Thandi (aged 63) for 15 years. Thabo has the following income and expenses for the 2022 year of assessment: Income Salary Bonus Interest local Dividends- (listed SA company) Foreign-Dividends (From a listed company) Foreign Interest Rental Income (derived from garden cottage) Expenses Maintenance to rental property R 25 000 pm 10% of gross salary R 80 000 pa R 15 000 R3 000 pa R5000 R 10 000 pm R 30 000 pa He belongs to a medical aid fund to which he contributed R3 000 per month to during the year of assessment and he had medical expenses of R23 500, which were not covered by the medical aid fund. His employer also deducts employees' tax of R12 785 and paid R20 200 provisional tax for the 2022 year of assessment Thandis Income and expenses for the 2022 year of assessment: Salary R 18 000 pm Income from Tax Free Investments R 4 600 YOU ARE REQUIRED TO: Calculate the tax payable for Thabo for the year of assessment ending 28 Februa 2022 Note: Please ensure that all tables and rebates used to for the calculation are for the 2022 year of assessment
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