Amahle Mluleki is 68 years old and self-employed. She is the main member on Discovery, a registered medical scheme. Her husband and their minor child are dependent members on the same scheme. She contributed R5 000 a month to the medical scheme. In addition, she paid qualifying medical expenses of R9 844 that were not reimbursed by the medical scheme. Her taxable income was R500 000. None of the members registered in the medical scheme has been diagnosed as a person with disability as defined by a registered medical practitioner in accordance with the criteria prescribed by the Commissioner. YOU ARE REQUIRED to calculate the additional medical expenses tax credit for the current year of assessment. Select one: O a. R12 613 O b. R60 000 O c. R10 656 d. RO

Amahle Mluleki is 68 years old and self-employed. She is the main member on Discovery, a registered medical scheme. Her husband and their minor child are dependent members on the same scheme. She contributed R5 000 a month to the medical scheme. In addition, she paid qualifying medical expenses of R9 844 that were not reimbursed by the medical scheme. Her taxable income was R500 000. None of the members registered in the medical scheme has been diagnosed as a person with disability as defined by a registered medical practitioner in accordance with the criteria prescribed by the Commissioner. YOU ARE REQUIRED to calculate the additional medical expenses tax credit for the current year of assessment. Select one: O a. R12 613 O b. R60 000 O c. R10 656 d. RO

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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