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TAX1501 ASSIGNMENT 3 FOR 2ND SEMESTER 2024
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TAX1501ASSIGNMENT 3 FOR 2ND SEMESTER 2024
FEND TUTORIALS
,Question 1
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Question text
Gift Komalo is 44 years old and married in community of property with Jeff Komalo who is 46 years
old. Jeff earned the following investment income in the current year of assessment:
Local Dividend of R17 000
Interest received from a South African investment of R67 000
You may assume Gift did not have any income for the current year of assessment. YOU ARE
REQUIRED to determine the total amount which will be included in Jeff's Gross income (therefore
ignoring exemptions) for the current year of assessment.
Select one:
a.
R42 000
b.
R84 000
c.
R0
d.
R43 200
Question 2
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Whatsapp Marlvin @ +2763 173 8181
, Question text
Declan paid his gardener R1 500 per month to oversee his garden at his home. Declan needs these
services because his business keeps him very busy and therefore his garden has become neglected.
During the current year of assessment, Declan paid a total of R18 000 towards the gardening service.
Declan unfortunately cannot claim the R1 500 per month as a deduction because one of the below
requirements of the general deduction formula requirement is not met? Choose the requirement
which Is not met.
Select one:
a.
Expenditure
b.
In the production of income
c.
Actually incurred
d.
Not of a capital nature
Question 3
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Sidney Aus is 64 years old and married with 2 children. She is fully employed and earned a salary of
R1 690 000 for the current year of assessment. She also made contributions to a medical aid fund of
R25 000 and her employer also contributed a further R65 000. In addition to the above she received
the following income:
Local dividends of R10 000,
Interest received from a South African investment of R19 000.
YOU ARE REQUIRED to determine the total amount which will be included in Sidney's Gross
income for the current year of assessment.
Select one:
a.
R1 755 000
b.
R1 780 000
Whatsapp Marlvin @ +2763 173 8181
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