TAX3701 Assignment
2 (COMPLETE
ANSWERS) Semester
1 2026 - DUE 16 April
2026
[Pick the date]
, Exam (elaborations)
TAX3701 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 16 April
2026
Institution
University Of South Africa (Unisa)
Course
Taxation of Business Activities (TAX3701)
TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16
April 2026; 100% TRUSTED Complete, trusted solutions and explanations.
QUESTION 2: Thabo Manufacturing (Pty) Ltd – Normal
Tax Calculation (2026 Year of Assessment)
Context:
Thabo Manufacturing (Pty) Ltd (TM) is a South African company based in Durban, South
Africa. The company manufactures a wide range of concrete products. TM:
Is registered for VAT.
Is not a small business corporation.
Uses a financial year ending 31 March 2026.
SARS has approved TM’s manufacturing process.
You are required to calculate TM’s normal income tax liability for the 2026 year of assessment.
Information Provided
1. Sales:
o Total sales amount (R …); included is R22 520 from a client who was finally
liquidated on 15 March 2026.
2. Cost of Sales:
o Opening stock (1 April 2025): R … (market value R …)
o Purchases of raw materials: R …
o Closing stock (31 March 2026): R … (market value R …)
3. Salaries and Wages:
o Total salaries and wages: R …
2 (COMPLETE
ANSWERS) Semester
1 2026 - DUE 16 April
2026
[Pick the date]
, Exam (elaborations)
TAX3701 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 16 April
2026
Institution
University Of South Africa (Unisa)
Course
Taxation of Business Activities (TAX3701)
TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16
April 2026; 100% TRUSTED Complete, trusted solutions and explanations.
QUESTION 2: Thabo Manufacturing (Pty) Ltd – Normal
Tax Calculation (2026 Year of Assessment)
Context:
Thabo Manufacturing (Pty) Ltd (TM) is a South African company based in Durban, South
Africa. The company manufactures a wide range of concrete products. TM:
Is registered for VAT.
Is not a small business corporation.
Uses a financial year ending 31 March 2026.
SARS has approved TM’s manufacturing process.
You are required to calculate TM’s normal income tax liability for the 2026 year of assessment.
Information Provided
1. Sales:
o Total sales amount (R …); included is R22 520 from a client who was finally
liquidated on 15 March 2026.
2. Cost of Sales:
o Opening stock (1 April 2025): R … (market value R …)
o Purchases of raw materials: R …
o Closing stock (31 March 2026): R … (market value R …)
3. Salaries and Wages:
o Total salaries and wages: R …