100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4,6 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
To add items to your wishlist, you must be logged in
Summary

Summary TAX NOV SOLUTION

Rating
5,0
(1)
Sold
-
Pages
8
Uploaded on
09-01-2020
Written in
2019/2020

UNISA TAX3702 QUESTION AND ANSWERS BASED ON THE 2020 SARS TAX CHANGES. UNDERSTAND, PASS, EXCEL WITH THESE PRACTICE QUESTIONS AND ANSWERS.

Institution
University Of South Africa (Unisa)
Course
TAX3702 - Taxation of Individuals








Whoops! We can’t load your doc right now. Try again or contact support.
Report Copyright Violation

Written for

Institution
University of South Africa (Unisa)
Course
TAX3702 - Taxation of Individuals
All documents for this subject (64)

Document information

Uploaded on
January 9, 2020
Number of pages
8
Written in
2019/2020
Type
Summary

Subjects

  • pass
  • unisa tax3702 question and answers based on the 2020 sars tax changes understand
  • excel with these practice questions and answers

Content preview

Nov-16
(a) SOLUTION TO QUESTION 1 PART A

SHUAIB
NET NORMAL TAX

Salary (R) 643 000

Travel allowance
Allowance 192 900
Less reduction 207 561
Limited to zero (14 661) -
Reduction is greater of:
Actual 167 731
Deemed 207 561

Business kms 39 000
Private kms 15 000
Total kms 54 000

Deemed cost/km
Determined value (cost plus VAT) 575 700

Fixed cost 153 850
Total km/s 54 000
Total days 365

Fixed cost/km(153 850/54000)x365/365 2.849
Fuel cost/km 1.584
Maintenance cost/km 0.889
Total cost/km 5.322
Total deemed travel cost (Bus kms x rate) 207 561

Actual cost/km



Wear and tear (575700/7)x365/365 82 243
Finance charges 90 000
Running costs 60 000
Total cost 232 243

Total cost/km (232 243/54000) 4.301

Total actual cost (Bus kms x rate) 167 731

Professional membership fee - condition of work nil Fringe benefit -




Tax 3702 Nov
2016

More courses for University of South Africa (Unisa) >

R80,00
Get access to the full document:
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
LILSAINT
3,8
(100)

Document also available in package deal

Thumbnail
Package deal
TAX3702 ALL EXAMS AND ANSWERS FOR YOU TO GET A DISTINCTION
-
17 33 2020
R 2.250,00 More info

Reviews from verified buyers

Showing all reviews
5 year ago

5,0

1 reviews

5
1
4
0
3
0
2
0
1
0
Trustworthy reviews on Stuvia

All reviews are made by real Stuvia users after verified purchases.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
LILSAINT University of South Africa (Unisa)
View profile
Follow You need to be logged in order to follow users or courses
Sold
439
Member since
6 year
Number of followers
355
Documents
267
Last sold
3 months ago

3,8

100 reviews

5
48
4
18
3
15
2
8
1
11

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions