The following information relates to Mr. Christmas Dube who works for Bryton Insurance Brokers as a Broker.
Question:
The following information relates to Mr. Christmas Dube who works for Bryton Insurance Brokers as a Broker. The information relates to the tax year ended 30th June 2021.
Income and Expenditures P
Basic salary per month 45, 000 |
Provision of company house (Note 1) |
Company car for Private use- cost (Note 2 300,000 |
Private Loan (Note 3) |
Furniture and household appliances, Cost P20 000(supplied by the Employer for use by Mr. Dube) |
Compensation for injury at work 20, 000 Holiday accommodation ( Note 4) Approved Pension Contribution 35, 000 Annual subscriptions to BICA 3,000 Contributions to Botswana Life Assurance Policy 30, 000 Sale of Motor Vehicle 75, 000 |
PAYE Deducted 80, 000 |
Additional Information:
Required: Calculate Mr. Dube’s taxable income and tax payable for the year ended 30 June 2021 |
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold