(Solved):   Calculate his tax saving from this lease agreement as applicable for the farming concer ...

 

Calculate his tax saving from this lease agreement as applicable for the farming concer Calculate (a) to (m). (Please draw over the table and not just number them). Date Deductible financing cost Total deductible amount Marginal rate of taxation Total tax saving 28/02/14 Deductible amount with regard to cost price of Truck n/a (b) (e) n/a 40% R34040 a) R85100 28/02/15 40% 28/02/16 R85100 (c) (9) (0) 0 40% (6) R85100 (k) 28/02/17 40% (d) (h) (0) (m) (10) 28/02/18 n/a 40%