Monthly Pension 074999
1. **State the problem:** Calculate Mr. Mckenzi's monthly pension amount that is tax deductible given his gross salary and deductions.
2. **Given data:**
- Gross monthly salary = 23500
- Pension deduction = 2575
- Medical aid deduction = 1200
- UIF deduction = 1% of gross salary
3. **Calculate UIF deduction:**
$$\text{UIF deduction} = 1\% \times 23500 = 0.01 \times 23500 = 235$$
4. **Calculate total deductions:**
$$\text{Total deductions} = 2575 + 1200 + 235 = 4010$$
5. **Calculate annual taxable income:**
Annual gross salary:
$$23500 \times 12 = 282000$$
Annual deductions:
$$4010 \times 12 = 48120$$
Annual taxable income:
$$282000 - 48120 = 233880$$
6. **Calculate monthly pension tax deductible:**
The pension deduction is already given as 2575 monthly, so the tax deductible pension amount is:
$$2575$$
**Final answer:** The monthly pension amount that is tax deductible is **2575**.
(Note: The user also asked for annual taxable income and tax calculations, but per instructions, only the first question is answered here.