Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question one mrs judy, a south african resident w

QUESTION ONE Mrs Judy, a South African resident who is 72 years old has...

50.1K

Verified Solution

Question

Accounting

QUESTION ONE
Mrs Judy, a South African resident who is 72 years old has the following investment income:
South African dividends (exempt in terms of s10(1)(k))
South African interest
R40000
Foreign dividends (exempt in terms of s 10(1)(k)(ii))
Foreign dividends (not specifically exempted)
Foreign interest
REQUIRED:
1.1. Calculate Mrs Judy's gross and exempt income for the 2020 year of assessment.
1.2. List examples of Lump-sum benefits paid under paragraph (d) of special inclusions.
1.3. State the exemption applicable to uniform allowance.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Fibrin

Medical Sciences
Q

work functions 2 0 eV d 2 5 eV and 3 0 eV respectively A...

Physics
Q

two particles of mass M1 and M2 and velocities U1 and U2 aU1 makes an...

Physics
Q

1 Which square large medium or small covers more of the plane Explain your reasoning...

Basic Math
Q

Suppose a polynomial function of degree 5 with rational coefficients has the given numbers as...

Algebra
Q

What is the exact angle measure in radians 540

Algebra
Q

Consider the following situations for Shocker: a. On November 28, 2018, Shocker receives...

Accounting
Q

8.0. Prephre the income statement for the year ended December 31.2024 8.b. Prepere the clotsfied...

Accounting
Q

Menlo Company distributes a single product. The company's sales and expenses for last month follow:...

Accounting
Q

Scrunchy Masks Corp. has just become public during the pandemic. Here is some random and...

Finance
Q

value: 3.00 points E10-1 Determining Financial Statement Effects of Transactions Involving Notes Payable [LO 10-2]...

Accounting
Q

The Cost of Debt and Flotation Costs. Suppose a company will issue new 25-year debt...

Finance