TAX 3701 ASSIGNMENT 1
Johns Hopkins University
Here are the best resources to pass TAX 3701 ASSIGNMENT 1. Find TAX 3701 ASSIGNMENT 1 study guides, notes, assignments, and much more.
All 1 results
Sort by
-
TAX 3701 ASSIGNMENT 1
- Exam (elaborations) • 14 pages • 2021
- $3.49
- + learn more
QUESTION 1
What is the output VAT on the income from transporting goods?
(1) R63 375
(2) R84 783
(3) R97 500
(4) Rnil
R650 000 × 15/115 = R84 783
3
QUESTION 2
What is the output VAT on the income from transporting passengers?
(1) R28 614
(2) R30 391
(3) Rnil – exempt supply
(4) Rnil – zero-rated supply
Note that the supply of public transport by road or rail is exempt from VAT if the
transportation
o takes place between two places within the RSA
o is of fare-paying pass...
Exam (elaborations)
TAX 3701 ASSIGNMENT 1
Last document update:
ago
QUESTION 1 What is the output VAT on the income from transporting goods? (1) R63 375 (2) R84 783 (3) R97 500 (4) Rnil R650 000 × 15/115 = R84 783 3 QUESTION 2 What is the output VAT on the income from transporting passengers? (1) R28 614 (2) R30 391 (3) Rnil – exempt supply (4) Rnil – zero-rated supply Note that the supply of public transport by road or rail is exempt from VAT if the transportation o takes place between two places within the RSA o is of fare-paying pass...
$3.49
Add to cart
As you read this, a fellow student has made another $4.70
