Exam (elaborations)
TAX 3701 ASSIGNMENT 1
- Course
- TAX 3701 ASSIGNMENT 1
- Institution
- Johns Hopkins University
QUESTION 1 What is the output VAT on the income from transporting goods? (1) R63 375 (2) R84 783 (3) R97 500 (4) Rnil R650 000 × 15/115 = R84 783 3 QUESTION 2 What is the output VAT on the income from transporting passengers? (1) R28 614 (2) R30 391 (3) Rnil – exempt supply (4) Rnil...
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