TAX2601
Assignment 2 QUIZ Semester 1 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 2025
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
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By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, QUIZ 2025 UNISA TAX2601-25-S1 Assessment 2
Started on Sunday, 27 April 2025, 7:44 AM
State Finished
Completed on Sunday, 27 April 2025, 9:14 AM
Time taken 1 hour 30 mins
Grade 37.00 out of 40.00 (92.5%)
Question 1
Complete
Mark 1.00 out of 1.00
Ngwenya (Pty) Ltd made a restraint of trade payment of R1 800 000 to a retiring director, Mr Msomi, on 1 September 2024.
Mr Msomi was restrained from competing with the company for four years from the date of the payment. This payment will
be included in Mr Msomi's gross income for his 2025 year of assessment. Calculate how much will be deductible by
Ngwenya (Pty) Ltd for the year of assessment ending 28 February 2025.
a. R300 000
b. R450 000
c. R225 000
d. R600 000
Question 2
Complete
Mark 1.00 out of 1.00
Ngwenya (Pty) Ltd manufactures vehicles. During the year of assessment the company incurred the following costs to
manufacture one vehicle:
-Production costs = R2 900 000
-Testing costs to get the vehicle roadworthy = R93 000
-Delivery truck traffic fine - worn-out windshield wipers = R1 700
-Transportation costs to the warehouse = R27 000
What is the cost of this trading stock item for valuation purposes?
a. R2 927 000
b. R3 021 700
c. R3 020 000
d. R2 993 000
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Assignment 2 QUIZ Semester 1 2025
Detailed Solutions, References & Explanations
Unique number:
Due Date: 2025
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, QUIZ 2025 UNISA TAX2601-25-S1 Assessment 2
Started on Sunday, 27 April 2025, 7:44 AM
State Finished
Completed on Sunday, 27 April 2025, 9:14 AM
Time taken 1 hour 30 mins
Grade 37.00 out of 40.00 (92.5%)
Question 1
Complete
Mark 1.00 out of 1.00
Ngwenya (Pty) Ltd made a restraint of trade payment of R1 800 000 to a retiring director, Mr Msomi, on 1 September 2024.
Mr Msomi was restrained from competing with the company for four years from the date of the payment. This payment will
be included in Mr Msomi's gross income for his 2025 year of assessment. Calculate how much will be deductible by
Ngwenya (Pty) Ltd for the year of assessment ending 28 February 2025.
a. R300 000
b. R450 000
c. R225 000
d. R600 000
Question 2
Complete
Mark 1.00 out of 1.00
Ngwenya (Pty) Ltd manufactures vehicles. During the year of assessment the company incurred the following costs to
manufacture one vehicle:
-Production costs = R2 900 000
-Testing costs to get the vehicle roadworthy = R93 000
-Delivery truck traffic fine - worn-out windshield wipers = R1 700
-Transportation costs to the warehouse = R27 000
What is the cost of this trading stock item for valuation purposes?
a. R2 927 000
b. R3 021 700
c. R3 020 000
d. R2 993 000
Downloaded by: jerinahmahlasela | Want to earn
Distribution of this document is illegal R13,625 per year?
