, TAX1501 ASSIGNMENT 1
SEMESTER 2
DUE DATE: 24 AUGUST 2026
Question 1
1. c. 60 business days from the date of the assessment
2. d. A fixed tax rate
3. a. Provide protection against the illegal importation and exportation of goods
4. b. Trusts are taxed at a fixed tax rate
5. c. 25% of the amount by which the qualifying medical amounts exceed 7.5% of taxable
income
6. d. SARS commissioner
7. d. (R200 000 × 18%) – R17 235
8. d. After the annual age rebates are taken into account but before the AMTC, employees’
tax and provisional tax are taken into account
9. b. R21 000 Tax refund
10. b. R42 678 + 26% of taxable income above R237 100
SEMESTER 2
DUE DATE: 24 AUGUST 2026
Question 1
1. c. 60 business days from the date of the assessment
2. d. A fixed tax rate
3. a. Provide protection against the illegal importation and exportation of goods
4. b. Trusts are taxed at a fixed tax rate
5. c. 25% of the amount by which the qualifying medical amounts exceed 7.5% of taxable
income
6. d. SARS commissioner
7. d. (R200 000 × 18%) – R17 235
8. d. After the annual age rebates are taken into account but before the AMTC, employees’
tax and provisional tax are taken into account
9. b. R21 000 Tax refund
10. b. R42 678 + 26% of taxable income above R237 100
