Please find the Appendix below Avesh Singh is resident of the Republic and she is 50 years
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Please find the Appendix below
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Avesh Singh is resident of the Republic and she is 50 years old. She resigned from her employment on 30 September 2018. She received a lump sum from her pension fund of R100 000. She used R50 000 of this lump to pay off her car and transferred the remaining balance into a pension preservation fund. In the past, Avesh's pension fund contribution of R9 000 had not been deducted for tax purposes. Required: a) Assuming Avesh had resigned from her previous employment in the year 1999, and received a lump sum withdrawal benefit from her previous pension fund, calculate the tax payable on her current lump sum. Avesh Singh is resident of the Republic and she is 50 years old. She resigned from her employment on 30 September 2018. She received a lump sum from her pension fund of R100 000. She used R50 000 of this lump to pay off her car and transferred the remaining balance into a pension preservation fund. In the past, Avesh's pension fund contribution of R9 000 had not been deducted for tax purposes. Required: a) Assuming Avesh had resigned from her previous employment in the year 1999, and received a lump sum withdrawal benefit from her previous pension fund, calculate the tax payable on her current lump sum.
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Answer Tax payable on current lump sum In order to calculate the tax payable on Aveshs current lump sum withdrawal benefit it is necessary to first co... View the full answer
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
Posted Date:
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