QUESTION TWO [30] Theobald St John is aged 38 years and his wife, Theodora...
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Accounting
QUESTION TWO Theobald St John is aged years and his wife, Theodora St John, years. They are both residents of the republic. Theobald and Theodora St John's earnings for the year of assessment were as follows: tableSalary Thoebald St John,Local dividends Theobald St John,Local interest not from a taxfree investment Theobald StJohnSalary Theodora St John, Theobald St John incurred and paid the following expenditure and made the following contributions during the year of assessment: R towards the maintenance of his aged mother R each towards the support of an invalid uncle and aunt R toward a retirement annuity fund R to a pension fund being of his salary R on life insurance premiums on his own life R "qualifying medical expenses" he is not a member of a medical scheme Theodora St John was employed on a parttime basis and worked for only three months during the year of assessment earning R a month see above REQUIRED: Determine the normal tax liabilities of Theobald and Theodora St John.
QUESTION TWO
Theobald St John is aged years and his wife, Theodora St John, years. They are both residents of the republic.
Theobald and Theodora St John's earnings for the year of assessment were as follows:
tableSalary Thoebald St John,Local dividends Theobald St John,Local interest not from a taxfree investment Theobald StJohnSalary Theodora St John,
Theobald St John incurred and paid the following expenditure and made the following contributions during the year of assessment:
R towards the maintenance of his aged mother
R each towards the support of an invalid uncle and aunt
R toward a retirement annuity fund
R to a pension fund being of his salary
R on life insurance premiums on his own life
R "qualifying medical expenses" he is not a member of a medical scheme
Theodora St John was employed on a parttime basis and worked for only three months during the year of assessment earning R a month see above
REQUIRED:
Determine the normal tax liabilities of Theobald and Theodora St John.
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