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TAX1501 ASSIGNMENT 4 SEMESTER 2 2023 ANSWERS
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TAX1501 ASSIGNMENT 4 SEMESTER 4 MEMO
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TAX1501 ASSESSMENT 4EXPECTED QUESTIONA AND
ANSWERS SEM 2 OF 2023
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TAX1501-23-S2 Welcome Message Assessment 4
QUIZ
Time left 7:49:57
Question 1
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Buhle Moagi as the chief game ranger of the Wild Nature Reserve. Her employer
provided her with morning and afternoon teas and lunch when she is on duty.
For the current year of assessment she enjoyed, in total, 440 teas and 220
lunches that were provided to her free of charge by her employer. The teas cost
her employer R4,50 each. Visitors are charged R9 for a cup of tea. The lunch
costs her employer R45. Visitors are charged R60 for a lunch. Calculate the
taxable value of the fringe benefit.
Select one:
a. R13 200
b. R5 280
c. R3 960
d. Rnil
Clear my choice
Question 2
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Luthando and Lihle Mthembu are both members of a medical fund from the 1st
April 2021. Luthando’s employer SA Inc (Pty) Ltd pays R1 750 per month towards
the Mthembu’s medical aid contributions and Luthando pays R650 per month.
YOU ARE REQUIRED to calculate the taxable fringe benefit.
Select one:
a. R26 400
b. R19 250
c. R28 800
d. R21 000
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