Colin has a trade support loan of $20,000. His taxable income is $48,550, calculated as follows:

$56,000 Wages 
$16,500 Add Rental income 
$22,700 Less Rental expenses 
$ 1,250 Less Work related expenses 
$48,550 Taxable Income 

What will his compulsory loan repayment be for the 2021 year?

Answer rating: 100% (QA)

Based on Colins taxable income of 48550 his compulsory loan ... View the full answer