Exam (elaborations)

LSB2605 Assignment 2 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED

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University Of South Africa (Unisa)

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Business Law for Entrepreneurs

Well-structured Well-structured LSB2605 Assignment 2 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . (DETAILED ANSWERS - DISTINCTION GUARANTEED!). Question 1 ABC Electronics is a sole proprietorship that sells electronic gadgets. The business’s...

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lsb2605

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LSB2605
Assignment 2 Semester 2 2023
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Due Date: 18 September 2023

QUESTION 1

Question 1

ABC Electronics is a sole proprietorship that sells electronic gadgets. The business’s total
annual turnover is R1,600,000, of which 25% is the cost price of the equipment it stocks.
The owner recently hired two employees and wants to ensure that he complies with labour
laws.

1.1) With which two bodies must ABC Electronics register as an employer? (2)

DISCLAIMER1.2)&IsTERMS
ABC Electronics
OF USE required to withhold taxes on behalf of its employees? Explain ABC’s
1. Educational
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substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
1.3) Can
assignment ABC Electronics deduct employees’ wages from their total revenue to determine
requirements.
2. PersonaltheirResponsibility: Whilethe
tax liability under every effort has
Turnover Taxbeen made(2)
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1.4) Is ABC Electronics eligible to register for turnover tax? (2)
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Exam (elaborations)

LSB2605 Assignment 2 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED

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