, QUESTION 1
1. C
2. C
3. B
4. A
5. D
6. B
7. D
8. A
9. C
10. B
Part A
Calculation of Normal Tax for Thabo
R R
Mokoena
Gross Income
Salary 780 000
Bonus 78 000
Dividends (SA) 18 750
Foreign dividends 22 000
Gross Income 898 750
Less: Exempt Income
Dividends (SA) (fully exempt) (18 750)
Income 880 000
Less: Deductions
Retirement fund contributions (28 500)
1. C
2. C
3. B
4. A
5. D
6. B
7. D
8. A
9. C
10. B
Part A
Calculation of Normal Tax for Thabo
R R
Mokoena
Gross Income
Salary 780 000
Bonus 78 000
Dividends (SA) 18 750
Foreign dividends 22 000
Gross Income 898 750
Less: Exempt Income
Dividends (SA) (fully exempt) (18 750)
Income 880 000
Less: Deductions
Retirement fund contributions (28 500)