Question

Mr Bali a 50 year old engineer has a wife and three kids on his medical aid. He earns a gross monthly salary of R75230 per month in 2018. He contributes 7.5% of his gross salary towards a pension fund throughout the year. Calculate Mr Bali's gross annual salary for the 2018/2019 tax year starting 1 march 2018 and ending 28 February 2019​

Answer 1

Answer:

5642.25 per month 7.5%

67707 yearly 7.5%