Other
TAX1501 ASSIGNMENT 3 FOR 2ND SEMESTER 2024
- Course
- Tax1501 (TAX1501)
- Institution
- University Of South Africa (Unisa)
The document contains two different attempts. Kindly note that the questions may differ.
[Show more]
1 review
By: thapelomokoena0101 • 4 weeks ago
Content preview
TAX1501ASSIGNMENT 3 FOR 2ND SEMESTER 2024
FEND TUTORIALS
,Question 1
Not yet answered
Marked out of 1
Flag question
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
Not yet answered
Marked out of 1
Flag question
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
Not yet answered
Marked out of 1
Flag question
Question text
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FENDTUTORIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82265 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now