TAX3701 Taxation Of Business Activities (TAX3701)

Calculation of the tax liability of Tega (Pty) Ltd for the year of assessment ended 29 February 2020: Taxable income (given) 3 123 321 Opening inventory @ cost price (lowest) (430 800) Closing inventory @ market value (lowest) 230 900 Learnership agreements Commencement - A Disabled (NQF 8) (R50 000 x 10/12) (41 667) - B Not disabled (NQF 4) (R40 000 x 2/12) (6 667) Completion - A Disabled (NQF 8) R50 000 x 2 (100 000) Bad debts written off (76 000) Bad debts recovered 23 300 Doubtf...