Bat Man is 54 years old and married with 2 children. He is fully employed and earned a salary of R1 450 000 for the current year of assessment. He also made contributions to a medical aid fund of R35 000 and his employer also contributed a further R25 000. YOU ARE REQUIRED to determine Bat's taxable income for the current year of assessment. Select one: a. R1 450 000 b. R1 475 000 c. R1 510 000 d. R1 485 000

Bat Man is 54 years old and married with 2 children. He is fully employed and earned a salary of R1 450 000 for the current year of assessment. He also made contributions to a medical aid fund of R35 000 and his employer also contributed a further R25 000. YOU ARE REQUIRED to determine Bat's taxable income for the current year of assessment. Select one: a. R1 450 000 b. R1 475 000 c. R1 510 000 d. R1 485 000

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 29MCQ: During 2019, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000....

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