Exam (elaborations)
Tax2601 Assignment 2 2024 - Due 20 August 2024
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Tax2601 Assignment 2 2024 20 August 2024
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By: masenpoes • 2 months ago
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Dashboard CalendarDashboard / Courses / UNISA / 2024 / Semester 2 / TAX2601-24-S2 / TAX2601 Home Page / Assessment 2
Started on Wednesday, 14 August 2024, 11:05 PM
State Finished
Completed on Wednesday, 14 August 2024,12:09 PM
Time taken 1 hour 3 mins
Marks 94.51/95.00
23
Grade 98.16 out of 100.00
Question 1
Complete
Mark 3.00 out of 3.00
44
Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation
as defined) with a 31 March 2023 year of assessment. Calculate the adjusted proceeds for the disposal of the machine BELOW.
2
92
a. R705 000
b. R510 000
c. R315 000
d. R195 000
6
07
Question 2
Complete
Mark 1.00 out of 1.00
A company qualifies as a small business corporation. For the year of assessment ending 31 December 2022, it has receipts of R1.3
million and taxable income of R543 000. What is the tax liability of the company for the year of assessment ending 31 December 2022?
a. R56 543
b. R76 020
c. R56 819
d. R49 840
1 of 23 6/10/2023, 5:39
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