Exam (elaborations)
TAX2601 ASSIGNMENT 6 SEMESTER 2 2023
- Course
- (TAX2601)
- Institution
- University Of South Africa (Unisa)
This document contains TAX2601 ASSIGNMENT 6 SEMESTER 2 QUESTIONS AND TRUSTED ANSWERS.
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By: mtshalip090 • 11 months ago
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UNISA 2023 TAX2601-23-S2 Assessment 6QUIZ
Started on Sunday, 12 November 2023, 12:38 PM
State Finished
Completed on Sunday, 12 November 2023, 1:44 PM
Time taken 1 hour 6 mins
Marks 87.00/95.00
Grade 91.58 out of 100.00
Question 1
Complete
Mark 2.00 out of 2.00
Ngwenya (Pty) Ltd has a 28 February 2023 year end. The company made the following special payments during the 2023 year
of assessment: 1) R30 000 pension annuity payment payable for life to Lelo Shlali a former employee who retired three years
ago as a result of old age. 2) R40 000 payment payable annually for the next 10 years to Shaba Lala who won the lotto and
ceased working. 3) R80 000 annuity payable annually to Sally Shange, a dependant of a former employee, Ricky Shange who
deceased on 1 October 2022. Calculate the amount that is deductible by Ngwenya for tax purposes for the 2023 year of
assessment.
a. R150 000
b. R80 000
c. R110 000
d. R30 000
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