Question: Assuming your final answer for part (g) was R600 000, calculate Jennifers final income tax liability for the year ended 28 February 2022. Jennifers employer
Assuming your final answer for part (g) was R600 000, calculate Jennifers final income tax liability for the year ended 28 February 2022. Jennifers employer deducted R112 000 in terms of PAYE for the year. Clearly show all workings. ( PLEASE NOTE BELOW QUESTION ABSTRACTED FROM G)
(QUESTION G)For purposes of answering this part of the question use the following assumed figures provided to you. Assume the amount of R700 000 correctly includes all income (e.g. salary, commission, any fringe benefits, leave-pay, rental income, etc.). Assumed amounts Income R700,000 13 Add: Capital gain R50,000 Income before s11F retirement deductions R750,000 Assuming the R750 000 is correct; and Jennifers remuneration is correctly calculated as R480 000; and by incorporating any relevant information you may need from your calculations in parts (a) to (f) above,
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