CUESTIOH 1 Sam Sthole is a resident of the Republic. He is 47...
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Accounting
CUESTIOH
Sam Sthole is a resident of the Republic. He is years old and is married in community of property.
pom:
The following information relates to the year of assessment for Sam and his wile, Meg.
Income from a South African source.
A salary of R from his employer, a motor manufacturing company.
He does partine academic work for a private higher educaton college and earned an income of R as part of his business income for the year of assessment.
Net rentals of R was earned from a bachelor flat in Margate.
Interest of R was earned from various stortterm investments.
Income from a South African source for Meg:
Rent receved from an outhouse on ther propety anourted to R C expenses for the year. His employer contribued R to the nedcal schene durng the year.
Required:
Calculate Sam Stholes fomal tax lab ity for the ear of assessment.
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