BEL 300 Revision Lecture
Authored by Gareth Griffiths
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Thandi’s capital gain/loss in respect of the disposal of the sewing machine?
A. R341,87
B. R2 028, 64
C. R2 113, 38
D. R4 948, 46
E. None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What amount will be included as gross income in Vusi’s 2024 year of assessment (in other words, what amount is subject to tax in Vusi’s last assessment)?
A. R0, the beneficiaries will be taxed on the amounts paid out to them
B. R520 000
C. R1 040 000
D. R1 560 000
E. None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the normal tax consequences for Aalia with regard to the cell phone allowance and business use.
A. The cell phone allowance is not included in Aalia’s taxable income as it is a zero-value benefit.
B. The cell phone allowance is not included in Aalia’s taxable income as it is a reimbursive allowance.
C. The cell phone allowance is included in Aalia’s taxable income. Aalia may not claim a deduction of the costs for business use.
D. The cell phone allowance is included in Aalia’s taxable income. Aalia may claim a deduction of the costs for business use.
E. The cell phone allowance is not included in Aalia’s taxable income as it is not a travel , subsistence- or public officer allowance.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Clarinda Sishi: Which statement or combination of the following statements is correct?
A. (i) only
B. (iii) only
C. (i) and (iv)
D. (ii) and (iii)
E. (ii) and (iv)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The expenses which can be claimed as a tax deduction by Brown (Pty) Ltd for the 2024 year of assessment amount to:
A. R0
B. R481 250
C. R491 250
D. R624 030
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Q2 Point 1:
What is the write off % of the machine purchased for the 2024 YOA?
0%
20%
25%
40%
100%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Q2 Point 1:
What is the Rand amount write off for the delivery vehicle in the 2024 YOA?
R46 875
R112 500
R225 000
R450 000
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