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Ms Amutenya purchased a vehicle for R150,000, inclusive of VAT but excluding fin...
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Ms Amutenya purchased a vehicle for R150,000, inclusive of VAT but excluding finance charges. She received a travel allowance of R42,000 for the year and travelled 30,000 km, of which 9,000 km related to business travel. Assume the vehicle was used for the full year. What is the taxable portion of the travel allowance using deemed costs?
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