11.1 Calculate John's total medical scheme tax rebate for the year. 11.2 Hence, calculate the amount of income tax he had to pay for the \( 2018 / 2019 \) tax year.
Real Tutor Solution
Answer
Solution
Reviewed and approved by the UpStudy tutoring team
Bonus Knowledge
To determine John's total medical scheme tax rebate, you'll first need to analyze the medical expenses, number of dependents, and the previous year's rates in place for medical scheme contributions in South Africa. This rebate typically allows for a set amount per primary member and additional credits for dependents, thus lowering John's taxable income. Once you have calculated the rebate, subtract it from John's taxable income to arrive at the adjusted taxable income. Then, apply the applicable income tax rates for the 2018/2019 tax year to find out the final income tax payable. Using software or tax calculators can streamline this process and help ensure accuracy!