jmagagula48 jmagagula48

12-05-2024
Business

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Silas is 27 years old. During the current year of assessment, he earned a salary of R350 000 and a non-pensionable bonus of R25 000. He made contributions to the pension fund of R31 000. His buy back past-period pension contribution is R2 000. His remuneration amounts to R375 000. His taxable income before retirement fund deduction is R340 000. YOU ARE REQUIRED to determine Silas' "total retirement fund deduction allowable" in the current year of assessment. a. R60 000 b. R103 125 C. R103 125 d. R33 000
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