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Madiba (Pty) Ltd employs Mr Kaizer, a 35-year-old who earns a monthly gross salary of...

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Finance

Madiba (Pty) Ltd employs Mr Kaizer, a 35-year-old who earns a monthly gross salary of R25 000. He contributes R7 500 monthly to the company's provident fund, while his employer contributes an additional R8 500 to the same fund on his behalf. Mr Kaizer does not belong to a medical aid scheme. Calculate the amount of employees tax that Madiba (Pty) Ltd should withhold for the month ending 31 May 2023. (NB: No spaces, no Rand sign required and round off to the nearest Rand if applicable).

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