Salari Guides d'étude, Notes de cours & Résumés

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...

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Careers, Salaries, And Lifetime Income

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Jerome likes to take stuff apart and then rebuild it. He is also good at math but is rather shy. Which career choices might he enjoy? Check all that apply. - ANSWER-Engineer: design, plan, or manage a system such as machines, computers, or roads. -Aircraft inspector: inspect, plan, and oversee repairs on aircraft; may also need to design parts as repair methods that meet standards. -Factory reproduction manager: check that products meet specifications. Which type of training would be co...

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This document defines a salary and the means by which they are paid to staff members. The compulsory and noncompulsory deduction, medical aid, and pension fund contributions are defined and explained how to administer them in means of IFRS and in the financial statements.

TAX1501_ EXAM PACK. Calculation of the tax liability or (tax refund) Salary (170 000 x 12) Foreign dividends 62000 Less exemption(26/41 x62 000) (39317) Local interest 15000 Less exemption 23800 limited to (15000) 15000 Less Deductions Retirement Annuity fund contributions (50 400 + 1500 +60 000+ 500)=R112 400 Limited to the greater of 27.5% x 2062 683 =R567 238 Or 27.5% x 2040 000 =R561 000 Deduction limited to the lesser of R 567 238 And R 350 000. deduction actual contributions...