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Toby worked only 3 months during the previous years of assessment (Dec Feb) He received remuneration of R100 000 excluding housing benefit from Bart Ltd.
Toby worked only 3 months during the previous years of assessment (Dec Feb)
He received remuneration of R100 000 excluding housing benefit from Bart Ltd.
Included in the R100 000 is R15 200 for a travel allowance. This represents 80% of a travel allowance.
Bart allowed Toby to stay in the wholly owned fully furnished 3 bedroom house with separate kitchen. Bart also pays water and electricity.
You are required to calculate the fringe benefit
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