Nelson Nilam is a 74 year old resident of the Republic who works in the motor industry. He has been married in community

[answerhappygod]

Nelson Nilam is a 74 year old resident of the Republic who
works in the motor industry. He has been married in community of
property to Dinky Magubane (aged 60) for 15 years.
Nelson has the following income and expenses for the 2022 year
of assessment: Income
Salary
R 25 000 pm
Bonus
10% of gross salary
Interest local
R 80 000 pa
Dividends- (listed SA company)
R 15 000 pa
Foreign – Dividends (From a listed company)
R 3 000 pa
Foreign – Interest
R 5 000 pa
Rental Income (derived from garden cottage)
R 10 000 pm
Expenses
Maintenance to rental property
R 30 000 pa
He belongs to a medical aid fund to which he contributed R3 000
per month to during
the year of assessment and he had medical expenses of R23 500,
which were not
covered by the medical aid fund. His employer also deducts
employees’ tax of R12 785
and he paid R20 200 provisional tax for the 2022 year of
assessment.
Dinky Magubane Income and expenses for the 2022 year of
assessment: Salary
R 18 000 pm
Income from Tax Free Investments
R 4 600pa
YOU ARE REQUIRED TO: Calculate the net tax
liability for Nelson Nilam for the year of assessment ending 28
February 2022.
Note: Please ensure that all tables and rebates used for
the calculation are for the 2022 year of assessment.
2022 tax year (1 March 2021 – 28 February 2022) Taxable
income (R)
Rates of tax (R)
1 – 216 200
18% of taxable income
216 201 – 337 800
38 916 + 26% of taxable income above 216 200
337 801 – 467 500
70 532 + 31% of taxable income above 337 800
467 501 – 613 600
110 739 + 36% of taxable income above 467 500
613 601 – 782 200
163 335 + 39% of taxable income above 613 600
782 201 – 1 656 600
229 089 + 41% of taxable income above 782 200
1 656 601 and above
587 593 + 45% of taxable income above 1 656 600
Please take note they are married in community of Property which
affects the passive income.
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