Assaraf is 26 years old. During the current year of assessment, his taxable income before any
deduction is R400 000. His remuneration is R380 000. He contributed R50 000 to his retirement
fund. His employer contributed R55 000 to his retirement fund. YOU ARE REQUIRED to calculate
the retirement fund contribution deduction which Assaraf will be allowed to deduct from his
taxable income for the current year of assessment.
O a. R55 000
O b. R110 000
O c.
R105 000
O d. R50 000