Brian resigned from his Provident fund in January 2023.The fund value is R430 000 and he is

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Brian resigned from his Provident fund in January 2023.The fund value is R430 000 and he is taking the full fund value in cash. Vincent also previously withdrew R40 000 in 1 December 2009 from his pension fund.

Calculate the retirement tax payable

Related Book For answer-question

South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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Posted Date: Nov 01, 2023 08:00 AM

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Brian resigned from his Provident fund in January 2023.The fund value is R430 000 and he is

Question:

Expert Answer:

The calculation of the retirement tax payable for Brian and Vincent will depend on various factors such as their respective income age and tax bracket For the purposes of this response lets assume Bri... View the full answer

South-Western Federal Taxation 2018 Comprehensive

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