Ulwazi received his employee tax certificate (IRP5) for the financial year ending 28 February 2013. Some of the information has been omitted. EMPLOYEE TAX CERTIFICATE Transaction year: 2013 Year of Assessment: 2013 Period of reconciliation: 2012/2013 TYPE OF CERTIFICATE: IRPS EMPLOYEE INFORMATION Surname: Ramile First name: Ulwazi EMPLOYER INFORMATION Trading or other name: Department of Education Date of birth: Income tax number: 19750616 0804858209 INCOME RECEIVED INCOME RECEIVED CONTINUED AMOUNT SOURCE CODE AMOUNT TAX CREDITS, CONTRIBUTIONS SOURCE CODE AMOUNT SOURCE CODE R 185 463 R 15521 3601 GROSS RETIREMENT FUNDING INCOME 3605 R PAY-AS-YOU-EARN 185 463 3697 R 30 075,79 4102 R 26 188 R 8640 3713 GROSS NON-RETIREMENT FUNDING INCOME 3810 R TOTAL TAX AND UIF 50349 3697 R 30 075,79 4149 DEDUCTIONS/CONTRIBUTIONS R MEDICAL SCHEME CONTRIBUTIONS TAX CREDIT 2760,00 4116 R R R 13 909 4001: 20013 4005 8640 4474 TOTAL DEDUCTIONS/CONTRIBUTIONS R SOME SOURCE CODES 3601 INCOME-TAXABLE A 4497 3713 OTHER ALLOWANCES-TAXABLE 4005 MEDICAL AID CONTRIBUTIONS 3605 ANNUAL PAYMENT-TAXABLE 3810 MEDICAL AID CONTRIBUTIONS PAID ON BEHALF OF EMPLOYEE 4474 EMPLOYER'S MEDICAL AID CONTRIBUTIONS 3703 REIMBURSIVE TRAVEL ALLOWANCES- NON-TAXABLE 4001 CURRENT PENSION FUND CONTRIBUTIONS 4497 TOTAL DEDUCTIONS/CONTRIBUTIONS Use the IRP5 provided above to answer the following questions. 3.1. Briefly explain the difference between an employee and an employer. 3.2. Write down the taxable amount that Ulwazi received as an annual payment. 3.3. Did Ulwazi receive a non-taxable reimbursed travel allowance? Give a valid reason for your answer. 3.4. Calculate the average monthly medical scheme fees tax credit. 3.5. Indicate how the gross non-retirement funding income was calculated. (4) 224 (2) (2) 3.6. From 1 March 2012 to 31 July 2012 Ulwazi contributed a total of R4 975,25 to his pension fund, Determine the average monthly contribution for the remainder of the financial year. (4) 32d4 (3) (2)
