TAX3701
Assignment 1 QUIZ Semester 1 2026
Detailed Solutions, References & Explanations
Unique number: 691457
Due Date: 26 March 2026
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, UNISA 2026 TAX3701-26-S1 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 10 March 2026, 10:31 AM
State Finished
Completed on Tuesday, 10 March 2026, 10:43 AM
Time taken 12 mins 13 secs
Grade 30.00 out of 30.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00
A vendor purchases goods for R11,500 (incl. VAT). What is the input tax?
A. R1150
B. R1500 Input VAT = R11,500 × 15/115 = R1,500.
C. R1750
D. R1200
E. R1000
Your answer is correct.
Input VAT = R11,500 × 15/115 = R1,500.
The correct answer is:
R1500
Assignment 1 QUIZ Semester 1 2026
Detailed Solutions, References & Explanations
Unique number: 691457
Due Date: 26 March 2026
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, UNISA 2026 TAX3701-26-S1 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 10 March 2026, 10:31 AM
State Finished
Completed on Tuesday, 10 March 2026, 10:43 AM
Time taken 12 mins 13 secs
Grade 30.00 out of 30.00 (100%)
Question 1
Correct
Mark 1.00 out of 1.00
A vendor purchases goods for R11,500 (incl. VAT). What is the input tax?
A. R1150
B. R1500 Input VAT = R11,500 × 15/115 = R1,500.
C. R1750
D. R1200
E. R1000
Your answer is correct.
Input VAT = R11,500 × 15/115 = R1,500.
The correct answer is:
R1500
