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TAX3761
TEST 3
28 JULY 2023
Question 1
Calculate Kevin Zondo’s normal income tax payable after rebates and tax credits for the year of
assessment ended 28 February 2023. Provide reasons and substantiate in terms of the Income Tax
Act, where an amount is not excluded from taxable income, or not subject to tax, or not allowable as
a deduction, with reference to all the information provided.
Step 1: Calculate taxable income.
1. Salary: R1,200,000
2. Bonus: R200,000
TAX3761
TEST 3
28 JULY 2023
Question 1
Calculate Kevin Zondo’s normal income tax payable after rebates and tax credits for the year of
assessment ended 28 February 2023. Provide reasons and substantiate in terms of the Income Tax
Act, where an amount is not excluded from taxable income, or not subject to tax, or not allowable as
a deduction, with reference to all the information provided.
Step 1: Calculate taxable income.
1. Salary: R1,200,000
2. Bonus: R200,000
