Answer ALL the questions in this section. Question 1 [100 MARKS] 1. Ryan received a travelling allowance of R72 000 (R6 000 a month) from his employer. He used two vehicles durin the year of assessment. (20 Marks 2. Vehicle 1 was purchased second-hand (actual retail market value) for R215 000 (including VAT) and was traded in vehicle 2. 3. Vehicle 2 (new) cost (actual retail market value) R310 000 (including VAT). 4. During the year of assessment, he used vehicle 1 for 106 days and vehicle 2 for 259 days. He did not keep acc records of costs incurred. 5. He travelled 10 231 km in vehicle 1 during the 2021 year of assessment and 20 880 km in vehicle 2. 6. His log-books showed that he travelled 4 027 business km in vehicle 1 and 8 085 business km in vehicle 2 dur 2022 year of assessment. YOU ARE REQUIRED: Calculate the taxable amount of the travel allowance for the year of assessment ending in 2022. 2022 tax year (1 March 2021-28 February 2022) 1-216 200 216 201337 800 337 801 - 467 500 467 501-613 600 613 601-782 200 782 2011 656 600 1 656 601 and above 18% of taxable income for the 2022 year of 38 916 +26% of taxable income above 216 200 70 532 +31% of taxable income above 337 800 110 739 + 36% of taxable income above 467 500 163 335 + 39% of taxable income above 613 600 229 089 +41% of taxable income above 782 200 587 593 +45% of taxable income above 1 656 600 END OF PAPER