TUTORIAL QUESTIONS – WEEK 2
QUESTION 1
Mrs Heyns is 56 years old, a South African resident and works for a furniture
company as secretary and bookkeeper. Her husband died the previous year, leaving
her with two minor children. Her salary is R10 000 per month and she also receives
a pensionable bonus of R10 000. In August she took one month’s unpaid leave in
order to visit her dying father overseas. This did not affect her contributions to the
pension fund or her bonus. Her pension contributions amounted to R600 per month.
She also paid in R4 000 arrear contribution to the pension fund, as her husband did
not leave her with very much for her retirement.
The company operates a medical aid scheme. Mrs Heyns contributed R9 600 to the
medical scheme (her children are dependants on her scheme).
The following information is also relevant to Mrs Heyns’ tax position:
1. Medical expenses incurred for special dentistry, in excess of medical
R claims paid out
2 100
Wheelchair purchased for her disabled child
10 400
2. Income received for part-time bookkeeping work done at home
12 000 Costs incurred in connection herewith:
Stationery
120
Computer software package
750
Bad debts written off (client amount owing)
115
3. Retirement annuity fund policies – contributions paid during the year
10 500
4. Dividends received: From SA – companies 5
000
From unlisted foreign companies (holding less
Than 10%)
6 500
5. South African interest received
21 000
6. A taxable capital gain 7 000
YOU ARE REQUIRED TO:
Calculate the normal tax payable by Mrs Heyns for the year of assessment ended
29 February 2024.
QUESTION 2 (10
MARKS)
PART A
Mr Nolan (aged 47), a South African resident, earns a salary of R1 300 000 for the
year and is paid a non-pensionable bonus of R190 000. He also earns interest of
R54 000 from a South African bank savings account. He contributes R340 000 per
annum to an approved pension fund and pays R15 000 per month to a retirement
annuity fund.
YOU ARE REQUIRED TO:
Calculate Mr Nolan’s taxable income for the 2024 year of assessment.
