DISTINCTION MATERIAL
TAX2601
- ASSIGNMENT 2 -
SEMESTER 1
2023
TAX2601
,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=71
Dashboard Calendar
Dashboard / Courses / UNISA / 2023 / Semester 1 / TAX2601-23-S1 / TAX2601 Home Page / Assessment 2
Started on Wednesday, 8 March 2023, 9:06 AM
State Finished
Completed on Wednesday, 8 March 2023, 10:45 AM
Time taken 1 hour 39 mins
Marks 39.00/50.00
Grade 78.00 out of 100.00
Question 1
Complete
Mark 0.00 out of 1.00
Which of the following statements is correct with regards to penalties?
a. The taxpayer may be subjected to a fixed amount and a percentage-based non-compliance penalty.
b. The taxpayer may be subjected to a percentage-based non-compliance penalty.
c. The percentage-based non-compliance penalty can range from R250 to R16 000 a month for each month that the non-
compliance continues.
d. The understatement penalty is applied to the shortfall of the tax in accordance to the understatement penalty percentage table.
Question 2
Complete
Mark 0.00 out of 1.00
A smaller burden will be placed on the taxpayer when the court is required to interpret a provision of the Income Tax Act where the
provision has more than one interpretation. What does this refer to?
a. legal precedent
b. burden of proof
c. binding general ruling
d. contra fiscum rule
1 of 17 3/8/2023, 10:47
TAX2601
- ASSIGNMENT 2 -
SEMESTER 1
2023
TAX2601
,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=71
Dashboard Calendar
Dashboard / Courses / UNISA / 2023 / Semester 1 / TAX2601-23-S1 / TAX2601 Home Page / Assessment 2
Started on Wednesday, 8 March 2023, 9:06 AM
State Finished
Completed on Wednesday, 8 March 2023, 10:45 AM
Time taken 1 hour 39 mins
Marks 39.00/50.00
Grade 78.00 out of 100.00
Question 1
Complete
Mark 0.00 out of 1.00
Which of the following statements is correct with regards to penalties?
a. The taxpayer may be subjected to a fixed amount and a percentage-based non-compliance penalty.
b. The taxpayer may be subjected to a percentage-based non-compliance penalty.
c. The percentage-based non-compliance penalty can range from R250 to R16 000 a month for each month that the non-
compliance continues.
d. The understatement penalty is applied to the shortfall of the tax in accordance to the understatement penalty percentage table.
Question 2
Complete
Mark 0.00 out of 1.00
A smaller burden will be placed on the taxpayer when the court is required to interpret a provision of the Income Tax Act where the
provision has more than one interpretation. What does this refer to?
a. legal precedent
b. burden of proof
c. binding general ruling
d. contra fiscum rule
1 of 17 3/8/2023, 10:47