Other
Tax3761 ASSIGNMENT 2 2021
- Course
- Institution
- Book
100% pass mark guaranteed. Tax3761 Assignment Solution 2 2021
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
TAX3761 ASSIGNMENT 2 2021 (100% pass guaranteed)
3 reviews
By: rungani22 • 3 year ago
By: batshutie • 3 year ago
By: SemiX • 3 year ago
Seller
Follow
Exallent123
Reviews received
Content preview
TAX 3761 Assignment 2Solution
Unique number: 735692
Due date: 20 Aug 2021
, Surname and Initials
Student number
TAX3761 Assignment 2
Date
Question 1
Calculation of Gift's net normal tax for the year of assessement ending 28 Febbruary 2021
R R
Salary 600 000
Commission 1 200 000
Entertainment allowance 18 000
Entertainment expenses -18 000 -
Low interest loan from employer (300000-100000)*(3,5%-2,5%) 2 000
Travelling allowance 240 000
Deemed cost per km
Fixed cost (169552/28000*100) 605,5c
Fuel cost 175,1c
Maintanace 96,6c
Total cost per km 877,2c
Actual costs
Depreciation (560000*1,15/7) 92 000
Fuel 36 400
Capital payment -
Toll fees 21 000
Finance charge 8 000
Replacement of tyres 24 000
Maintanace -covered by the plan -
Cleaning 6 000
Total vehicle costs 199 400
Actual costs per km(199400/28000*100) 712,1c
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Exallent123. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.87. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now