Question: Assaraf is 2 6 years old. During the current year of assessment, his taxable income before any deduction is R 4 0 0 0 0

Assaraf is

26

years old. During the current year of assessment, his taxable income before any deduction is R

400 000 .

His remuneration is R

380 000 .

He contributed R

50 000

to his retirement fund. His employer contributed R

55 000

to his retirement fund. YOU ARE REQUIRED to calculate the retirement fund contribution deduction which Assaraf will be allowed to deduct from his taxable income for the current year of assessment.

.

110 000

.

50 000

.

105 000

.

55 000

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