Question $3$

$[27$ marks$]$

Mrs Bale $($aged $61)$ operated her training skill practice as a sole proprietor during the $2024$ tax year. She has provided you with the following income and expenses during the relevant period.

R

INCOME

Professional fee income

$850000$

Interest received

$46000$

EXPENSES

Office Rental

$50000$

Telephone

$35000$

Stationery

$8000$

Consultation fee

$40000$

Accounting fees

$9000$

RAF contributions

$55000$

In addition, Mrs Bale used one vehicle during the $2024$ tax year, which had a cost of R$190000($excluding VAT$)$ on $1$ June $2023$ with a write off period of $5$ years for business and private travel. Her total car expenses were as follows:

Fuel

R$5500$

License fees

R$6000$

Repairs and maintenance

R $7800$

Insurance

R$5500$

Mrs Bale's kept a logbook during the $2024$ tax year. She travelled a total of $60000$ km$,35000$ km of which related to her business.

Mrs Bale purchased a laptop costing R$20000$ on $1$ July $2023.$ She used this laptop during her client visits. The accepted write off period for the laptop is $3$ years

Required:

Calculate the taxable income of Mrs Bale for the year ended $29$ February $2024.$

Round off all calculations to the nearest Rand.

$(27$ marks$)$