Page 55 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Medical Costs

• Example 3

• Facts: Mr Z is 30 years old. For the year ended

28 February 2015, he receives a salary of R528

000 and incurs R24 000 in qualifying medical

expenses. He pays pension contributions of R45

000 during the year. His employer contributes

R6 000 per month to a medical scheme on

behalf of Mr Z, his wife, and their child.

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