Lisa Magundumana Lisa , aged 50 years old is a resident of the Republic. She...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Lisa Magundumana Lisa , aged 50 years old is a resident of the Republic. She is a widow. She is a member of her employers medical aid, Kufuzu School of Accounting. She is the main member on the medical aid and has two dependents that are her two minor children. During the year, her employer contributed R3 900 per month on Lisas medical aid. Lisa paid qualifying expenses totaling R58 308,50 during the 2023 year of assessment. She recovered a total of R30 422 of the expenses incurred during the 2023 year of assessment. Her taxable income before the inclusion of the above transaction is R329 900. Required Marks Calculate Lisas tax payable for 2023 year of assessment. Show full workings and round off to the nearest Rand. Support your answer with legislation where applicable.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.