Jabu is a partner in a partnership. During the 2019 year of assessment, he received a...
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Jabu is a partner in a partnership. During the 2019 year of assessment, he received a salary of R860 000 from the partnership. His share of the partnership profit for the year was R500 000. During the year he sold an investment property and realised a taxable capital gain of R300 000. Jabu contributed 12% of his salary from the partnership to a pension fund. Calculate the amount of Jabu's contribution to the pension fund that he may claim as a deduction. Jabu is a partner in a partnership. During the 2019 year of assessment, he received a salary of R860 000 from the partnership. His share of the partnership profit for the year was R500 000. During the year he sold an investment property and realised a taxable capital gain of R300 000. Jabu contributed 12% of his salary from the partnership to a pension fund. Calculate the amount of Jabu's contribution to the pension fund that he may claim as a deduction.
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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