Exam (elaborations)
TAX3701 SEMESTER 1 ASSESSMENT 1 2024
- Institution
- University Of South Africa (Unisa)
TAX3701 SEMESTER 1 ASSESSMENT 1 2024
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BMZ ACADEMYBMZ Academy
CONTACT @ 061 262 1185/068 053 8213/0717513144
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
, 3/26/24, 11:49 AM Assessment 1 (page 26 of 50)
BMZ ACADEMY 2024
TAX3701-24-S1 Assessment 1
QUIZ
Question 26
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Mosi (Pty) Ltd is (“Mosi”) a registered micro business. Mosi received a foreign dividend of R42 000 and R170 000 as a capital
receipt from the disposal of a factory building during its 2024 year of assessment. The factory building was previously
purchased for an amount of R350 000 in 2019.
Required:
Which of the following amounts will be included in Mosi’s taxable turnover assuming the land on which the factory is built
was not mainly used for business purposes?
a. R85 000
b. R42 000
c. R170 000
d. Rnil
Clear my choice
CONTACT 0612621185/068053 8213/0717513144
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16421811&cmid=845477&page=25 1/1
, 3/26/24, 11:49 AM Assessment 1 (page 27 of 50)
BMZ ACADEMY 2024
TAX3701-24-S1 Assessment 1
QUIZ
Question 27
Answer saved
Marked out of 1.00
Mosi (Pty) Ltd (“Mosi”) is a registered micro business. Mosi received a foreign dividend of R42 000, and R170 000 as a
capital receipt from the disposal of a factory building during its 2024 year of assessment. The factory building was previously
purchased for an amount of R350 000 in 2019.
Required:
Which of the following amounts will be included in Mosi’s taxable turnover assuming the land on which the factory is built
was mainly used for business purposes?
a. Rnil
b. R85 000
c. R170 000
d. R42 000
Clear my choice
CONTACT 0612621185/068053 8213/0717513144
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16421811&cmid=845477&page=26 1/1
, 3/26/24, 11:49 AM Assessment 1 (page 28 of 50)
BMZ ACADEMY 2024
TAX3701-24-S1 Assessment 1
QUIZ
Question 28
Answer saved
Marked out of 1.00
Mali (Pty) Ltd (“Mali”) a registered micro business. Mali sold an asse, (not a financial asset) previously purchased for
R200 000, at a capital loss, and received a total amount of R80 000, during its 2024 year of assessment.
Required:
Which of the following amounts will be included in Mali’s taxable turnover?
a. R120 000
b. R40 000
c. R200 000
d. R80 000
Clear my choice
CONTACT 0612621185/068053 8213/0717513144
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16421811&cmid=845477&page=27 1/1
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