Joseph , a 4 8 - year - old South African resident, has been an employee of
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Joseph a yearold South African resident, has been an employee of Pay Pick for several years. He ears a monthly salary of R of Joseph's salary is deducted as employees' tax. In April Joseph started a side hustle to ear extra income. Joseph did not form a registered company, but he traded under the name"JosephJobs". For the year of assessment, Joseph made a monthly profit of R from this side business.The following information relates to Joseph for the relevant years of assessment: Joseph estimates that his earnings for the year of assessment will beR He submitted his tax return on May He submitted the tax return on October He was assessed for his tax year and received a letter verifying this on June The assessed tax for the year of assessment was R The tax year was assessed on December and was RREQUIRED: What is the due date for submitting an individual's first provisional tax return? mark Calculate what Joseph's first provisional tax payment would be for the year of assessment if the payment were based on the basic amount and not onan estimate.Show all your calculations and round your answers to the nearest rand.
Related Book For
International Business Law Text Cases And Readings
ISBN: 9780273768616
6th International Edition
Authors: Ray A. August, Don Mayer, Michael Bixby
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