Assessment 1 (page 1 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
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A business incurs on a loan used to buy machinery. Can this interest be deducted?
A. Yes, because it is. incurred in the production of income.
B. Only if the loan is repaid within �ve years.
C. No, because it is related to a capital asset.
D. Only if the business is pro�table.
E. No, because it is a �nancing cost.
Clear my choice
1 of 1 3/14/2025, 2:58
,Assessment 1 (page 2 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
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Which of the following is an for income tax purposes?
A. Foreign interest received by a resident
B. Rental income received by a company
C. Professional service fees received by a business
D. Dividends received by a South African resident company
E. Sale of trading stock
Clear my choice
1 of 1 3/14/2025, 3:00
,Assessment 1 (page 3 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
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Marked out of 1.00
What is the tax treatment of ?
A. Fully taxable as gross income
B. Only taxable if above R1 million
C. Taxable at a �at rate of 10%
D. Fully exempt from tax
E. Only taxable if from a foreign source
Clear my choice
1 of 1 3/14/2025, 3:03
,Assessment 1 (page 4 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
Not yet answered
Marked out of 1.00
If a company’s and , what is the company’s ?
A. R1400 000
B. R800 000
C. R600 000
D. R1000 000
E. R1200 000
Clear my choice
1 of 1 3/14/2025, 3:06
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
BOOK EXAM AND WRITTEN ASSESSMENT ON WHATSAPP 0645167275
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
Answer saved
Marked out of 1.00
A business incurs on a loan used to buy machinery. Can this interest be deducted?
A. Yes, because it is. incurred in the production of income.
B. Only if the loan is repaid within �ve years.
C. No, because it is related to a capital asset.
D. Only if the business is pro�table.
E. No, because it is a �nancing cost.
Clear my choice
1 of 1 3/14/2025, 2:58
,Assessment 1 (page 2 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
Not yet answered
Marked out of 1.00
Which of the following is an for income tax purposes?
A. Foreign interest received by a resident
B. Rental income received by a company
C. Professional service fees received by a business
D. Dividends received by a South African resident company
E. Sale of trading stock
Clear my choice
1 of 1 3/14/2025, 3:00
,Assessment 1 (page 3 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
Answer saved
Marked out of 1.00
What is the tax treatment of ?
A. Fully taxable as gross income
B. Only taxable if above R1 million
C. Taxable at a �at rate of 10%
D. Fully exempt from tax
E. Only taxable if from a foreign source
Clear my choice
1 of 1 3/14/2025, 3:03
,Assessment 1 (page 4 of 50) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24
TAX3701-25-S1 Welcome Message Assessment 1
QUIZ
Not yet answered
Marked out of 1.00
If a company’s and , what is the company’s ?
A. R1400 000
B. R800 000
C. R600 000
D. R1000 000
E. R1200 000
Clear my choice
1 of 1 3/14/2025, 3:06
