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Activity $4$

John has a R $1000000$ money market at $8\%$ interest, a pension fund at work where he contribute $7,5\%$ with no medical aid, if he takes out a medical aid it will be Main member plus $2.$ If he will transfer the investment to a $5$ year guaranteed income plan at a insurer he will earn the same income as on the money market but you can assume that $74\%$ of the income is capital content and then also give him the max tax deductibility for his RA$.$

Calculate his tax payable for before and after you implemented the measures $(20)$Activity $4$

John has a R $1000000$ money market at $8\%$ interest, a pension fund at work where he contribute $7,5\%$ with no medical aid, if he takes out a medical aid it will be $M2.$ If he will transfer the investment to a $5$ year guaranteed income plan at a insurer he will earn the same income as on the money market but you can assume that $74\%$ of the income is capital content and then also give him the max tax deductibility for his RA$.$

Calculate his tax payable for before and after you implemented the measures Using tax table for $2021/2022$