Question: QUESTION 2 [ 2 0 Marks ] Peter presented you with the following information that relates to the 2 0 2 4 year of assessment:
QUESTION Marks Peter presented you with the following information that relates to the year of assessment: A salary of R was earned from A Traders, where he was employed from March to November The total PAYE deducted by the employer amounted to R The total salary earned from YDot Trading, where Peter was employed from December to February amounted to R The accountant deducted a total of R in respect of PAYE. The HR policy of YDot Trading stipulates that membership to a recognised medical aid is compulsory. Peter joined FITmedical aid effective December at a monthly rate of R Peter joined a retirement fund effective December at a monthly fee of R The total interest on investment earned during the year of assessment amounted to R Foreign dividends of R were received during the year of assessment. Peter sold the townhouse he inherited from his grandfather for R during January The total taxable capital gains realised on this sale amounted to R You are required to: Calculate the tax liability of Peter for the year of assessment ended February
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