1. UNISA
2. 2024
3. TAX1501-24-Y
4. Welcome Message
5. Assessment 4
QUIZ
Assessment 4
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During the current year of assessment, Dornan received a low-interest loan from his employer. The taxable
fringe benefit is calculated using which rate?
a. Interest rate on the loan less official interest rate
b. Official interest rate less interest rate on the loan
c. Interest rate on the loan
d. Official interest rate
, Lisa received a monthly travel allowance of R4,000 per month for the entire year of
assessment. The following details pertain to her travel allowance:
Total kilometers for the year: 45,000 km
Business kilometers for the year: 18,500 km
Vehicle cost: R305,000 (including VAT)
Actual vehicle expenses:
Fuel: R12,000
Maintenance: R4,000
Insurance premiums: R6,000
License fees: R700
She maintained a logbook of all business travel. Calculate the actual cost per
kilometer (in Rands).
a. R4.96
b. R4.25
c. R1.47
d. R0.5
Clear my choice
2. 2024
3. TAX1501-24-Y
4. Welcome Message
5. Assessment 4
QUIZ
Assessment 4
Open course index
Open block drawer
Back
During the current year of assessment, Dornan received a low-interest loan from his employer. The taxable
fringe benefit is calculated using which rate?
a. Interest rate on the loan less official interest rate
b. Official interest rate less interest rate on the loan
c. Interest rate on the loan
d. Official interest rate
, Lisa received a monthly travel allowance of R4,000 per month for the entire year of
assessment. The following details pertain to her travel allowance:
Total kilometers for the year: 45,000 km
Business kilometers for the year: 18,500 km
Vehicle cost: R305,000 (including VAT)
Actual vehicle expenses:
Fuel: R12,000
Maintenance: R4,000
Insurance premiums: R6,000
License fees: R700
She maintained a logbook of all business travel. Calculate the actual cost per
kilometer (in Rands).
a. R4.96
b. R4.25
c. R1.47
d. R0.5
Clear my choice
