QUESTION $1$

$(20$ Marks$)$

Tim received a travel allowance from his employer amounting to R $70000$ for the current year of assessment. He uses his car for business and private travels. He bought this car exactly $1$ year ago for $R392000($including VAT$).$ Tim travelled a total of $15200$ kilometres during the current ycar of assessment, of which $8975$ kilometres was for private purposes. He also kept an accurate record of expenses incurred in respect of the car for the current year of assessment. The costs are as follows:

$\backslash$table$[[$Finance charges,R$25785],[$Maintenance cost$,$R $5500],[$Fuel cost$,$R $7500],[$Insurance premiums and licences fees,R $4250]]$

REQUIRED:

Calculate the taxable portion of the travel allowance received by Tim for the $2025$ year of assessment in South africa