GRADE 12 Question 1 1.1 1.2 1.3 1.4 1.5 1.6 Themba who is 52 years old is an employee at a Botanical Garden situated in Pretoria. He earns basic income of R38 000 per month, including an 80% bonus of his basic income. He pays a monthly contribution towards a medical scheme for himself, wife and son. ● CLASS TEST 1 30 Marks 02/02/2024 He contributes 7,5% of his basic salary towards his pension fund. He is also donating R46 800 per annum to the registered charity organisation. Question 2 What does the abbreviation SARS stand for? Calculate Themba's annual gross salary Determine his annual non-taxable income Hence, determine his taxable income Show how the medical tax credit of R11 688 was calculated. Themba claims that his annual tax will amount to R49 258,00. Verify, with calculations whether his claim is valid or not. (2) (5) (4) (2) (3) (6)
