TAX1501 Taxation of Salaried Persons (TAX1501)

TAX1501 EXAM PACK 2023 Latest exam pack questions and answers and summarized notes for exam preparation. 100% TRUSTED workings, explanations and solutions.

TAX1501-Taxation Of Salaried Persons LATEST EXAM PACK .QUESTION 1 PART 1 R R Salary 450 000 Bonus 150 000 Local dividends 15 500 Less: Exemption (15 000) 0 Foreign interest 34 000 634 000 Less: Retirement contribution Actual contribution: R120 000 Step 1: Calculate the percentage limit 27.5% of the greater of remuneration or taxable before this deduction -Remuneration: R450 000 + R150 000 = R600 000 -Taxable income: R634 000 The greater of the two amount is the taxable incom...

TAX1501 EXAM PACK. TAX1501 - Taxation Of Salaried Persons TAX1501 - Taxation Of Salaried Persons

TAX1501 EXAM PACK. This is a complete and an all-inclusive guide to TAX1501 Taxation Of Salaried Persons.

TAX1501 EXAM PACK TAX1501 - Taxation Of Salaried Persons