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CUESTIOH 1 Sam Sthole is a resident of the Republic. He is 47...

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Accounting

CUESTIOH 1
Sam Sthole is a resident of the Republic. He is 47 years old and is married in community of property.
pom:
The following information relates to the 2023 year of assessment for Sam and his wile, Meg.
Income from a South African source.
A salary of R550000 from his employer, a motor manufacturing company.
He does part-ine academic work for a private higher educaton college and earned an income of R110000 as part of his business income for the year of assessment.
Net rentals of R90000 was earned from a bachelor flat in Margate.
Interest of R34000 was earned from various stort-term investments.
Income from a South African source for Meg:
Rent receved from an outhouse on ther propety anourted to R60 C00 expenses for the year. His employer contribued R40000 to the nedcal schene durng the year.
Required:
Calculate Sam Stholes fomal tax lab ity for the 2023, ear of assessment.
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