1. Ryan received a travelling allowance of R72 000 (R6 000 a month) from his employer. He used two vehicles during the y

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1. Ryan received a travelling allowance of R72 000 (R6 000 amonth) from his employer. He used two vehicles during the year ofassessment. 2. Vehicle 1 was purchased second-hand (actual retailmarket value) for R215 000 (including VAT) and was traded in forvehicle 2. 3. Vehicle 2 (new) cost (actual retail market value)R310 000 (including VAT). 4. During the year of assessment, he usedvehicle 1 for 106 days and vehicle 2 for 259 days. He did not keepaccurate records of costs incurred. 5. He travelled 10 231 km invehicle 1 during the 2021 year of assessment and 20 880 km invehicle 2. 6. His log-books showed that he travelled 4 027 businesskm in vehicle 1 and 8 085 business km in vehicle 2 during the 2022year of assessment. YOU ARE REQUIRED: Calculate the taxable amountof the travel allowance for the year of assessment ending in2022
1. Ryan received a travelling allowance of R72 000 (R6 000 amonth) from his employer. He used two vehicles during the year ofassessment. 2. Vehicle 1 was purchased second-hand (actual retailmarket value) for R215 000 (including VAT) and was traded in forvehicle 2. 3. Vehicle 2 (new) cost (actual retail market value)R310 000 (including VAT). 4. During the year of assessment, he usedvehicle 1 for 106 days and vehicle 2 for 259 days. He did not keepaccurate records of costs incurred. 5. He travelled 10 231 km invehicle 1 during the 2021 year of assessment and 20 880 km invehicle 2. 6. His log-books showed that he travelled 4 027 businesskm in vehicle 1 and 8 085 business km in vehicle 2 during the 2022year of assessment. YOU ARE REQUIRED: Calculate the taxable amountof the travel allowance for the year of assessment ending in20221.
Ryan received a travelling allowance of R72 000 (R6 000 a month)from his employer. He used two vehicles during the year ofassessment. 2. Vehicle 1 was purchased second-hand (actual retailmarket value) for R215 000 (including VAT) and was traded in forvehicle 2. 3. Vehicle 2 (new) cost (actual retail market value)R310 000 (including VAT). 4. During the year of assessment, he usedvehicle 1 for 106 days and vehicle 2 for 259 days. He did not keepaccurate records of costs incurred. 5. He travelled 10 231 km invehicle 1 during the 2021 year of assessment and 20 880 km invehicle 2. 6. His log-books showed that he travelled 4 027 businesskm in vehicle 1 and 8 085 business km in vehicle 2 during the 2022year of assessment. YOU ARE REQUIRED: Calculate the taxable amountof the travel allowance for the year of assessment ending in2022