Ruth resigned from her Pension Fund during May 2020. She had a fund value of R600 000

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Ruth resigned from her Pension Fund during May 2020. She had a fund value of R600 000 and she decided to take the full fund value in cash. She also previously withdrew R320 000 on 30 June 2006 from her pension fund.

Calculate Ruth's tax payable:

A. R284 500

B. R184 500

C. R131 400

D. R103 500

Related Book For answer-question

International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Posted Date: Jan 15, 2024 11:42 PM

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Ruth resigned from her Pension Fund during May 2020. She had a fund value of R600 000

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International Financial Reporting and Analysis

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