Answer :
Step-by-step explanation:
To calculate the taxable benefit that should be included in Lesedi's gross income for the current year of assessment, we need to consider the contributions made by her employer to her medical aid scheme and retirement annuity fund.
Given information:
- Lesedi is 25 years old and a single mother of two.
- Lesedi and her two children belong to a medical aid.
- Lesedi's employer contributed R22,222 to her medical aid scheme and R33,333 to her retirement annuity fund on her behalf.
- Lesedi made equal contributions to her medical aid scheme and retirement annuity fund.
Step 1: Calculate the taxable benefit for the employer's contribution to the medical aid scheme.
Employer's contribution to medical aid scheme = R22,222
Lesedi's contribution to medical aid scheme = R22,222 / 2 = R11,111
Taxable benefit for medical aid scheme = Employer's contribution - Lesedi's contribution
Taxable benefit for medical aid scheme = R22,222 - R11,111 = R11,111
Step 2: Calculate the taxable benefit for the employer's contribution to the retirement annuity fund.
Employer's contribution to retirement annuity fund = R33,333
Lesedi's contribution to retirement annuity fund = R33,333 / 2 = R16,667
Taxable benefit for retirement annuity fund = Employer's contribution - Lesedi's contribution
Taxable benefit for retirement annuity fund = R33,333 - R16,667 = R16,666
Step 3: Calculate the total taxable benefit to be included in Lesedi's gross income.
Total taxable benefit = Taxable benefit for medical aid scheme + Taxable benefit for retirement annuity fund
Total taxable benefit = R11,111 + R16,666 = R27,777
Therefore, the taxable benefit that should be included in Lesedi's gross income for the current year of assessment is R27,777.
