Exam (elaborations)
TAX3701 ASSESSMENT 1 SEMESTER 1 2024
- Institution
- University Of South Africa (Unisa)
TAX3701 ASSESSMENT 1 SEMESTER 1 2024
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3/26/24, 11:49 AM Assessment 1 (page 26 of 50)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
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)
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
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)
TAX3701-24-S1 Assessment 1
QUIZ
Question 28
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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
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16421811&cmid=845477&page=27 1/1
, 3/26/24, 11:48 AM Assessment 1 (page 29 of 50)
TAX3701-24-S1 Assessment 1
QUIZ
Question 29
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Jerome (Pty) Ltd (“Jerome”) is a registered micro business. Jerome received R90 000 as investment income for the current
year of assessment. It has been confirmed that, none of this investment income constitutes dividends.
Required:
Which of the following amounts will be included in Jerome’s taxable turnover?
a. R135 000
b. R 200 000
[NC1]Lets show all calcs
c. R45 000
(1) 45 000
(1) 45 000
(1) 45 000
d. R90 000
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16421811&cmid=845477&page=28 1/1
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