1. Medical rebates For under 65 years

2. Medical rebates: Case study (a) John Fox is 35 years old. –For the year of assessment commencing 1 March 2014, he made contributions of R6 000 per month to a medical scheme on behalf of himself, his wife and a child. –He incurred R50 000 qualifying medical expenses for the year. –His employer contributed R40 000 to the medical scheme during the year. –John earned a salary of R500 000. You are required to –calculate John’s medical tax credits for the year of assessment ended 28 February 2015. 2

3. Answer 3

4. Medical rebates: Case study (b) no medical aid contributionsAssume the same information as in case study (a) but assume that John made no medical aid contributions You are required to –calculate John’s medical tax credits for the year of assessment ended 28 February 2015. 4

5. Answer

6. Medical rebates: Case study (c) no qualifying med expensesAssume the same information as in case study (a) but assume that John made only medical aid contributions and paid no qualifying med expenses You are required to –calculate John’s medical tax credits for the year of assessment ended 28 February 2015. 6

7. Answer