1.

Transfer duty is levied at a progressive rate from

a. 10% to 20%
b. 3% to 10%
c. 1% to 10%
d. 3% to 13%

2. Employer has up to how many days to pay over employees tax to SARS?

a. 7 working days
b. 7 calendar days
c. 14 working days
d. 14 calendar days

3. Your friend is disputing her R400 000 assessment outcome, as a tax expert which of the following
steps will you advise her to take.

a. Objection, Appeal and Tax board

b. Objection, Appeal and Tax court
c. Appeal, Objection and Tax board
d. Objection, Appeal and High court

4. An individual’s year of assessment for 2023 is (Format: dd/mm/yyyy)

a. 01/02/2022 – 28/02/2023
b. 01/03/2022 – /03/2023
c. 01/03/2022 – 28/02/23
d.01/02/2022 – 28/02/23

5. Transfer duty is payable at a progressive rate after the exemption of

a. R700 000

b. R800 000

c. R900 000

d. R1 000 000

6. The maximum amount an individual will earn at the end of the tax year which will result in him
not paying tax or Zero amount of tax is called the

a. Rebate
b. Tax threshold
c. Deductions
d. Normal tax

7. During the budget speech, the changes made to the Act are referred to as:
a. Revenue changes
b. Expenses changes
c. Income Tax Amendments
d. Revenue and Expenses Amendment

8. The income tax Act (ITA) is made up of

a. 112 Sections and 12 Schedules

b. 112 Sections and 11 Schedules
c. 11 Sections and 112 Schedules
d. 100 Sections and 10 Schedules

9. Sylvia who is 50 years old is an employee at Original Ltd. Her taxable income for the 2023 tax year
amounts to R550 000. What is the marginal tax rate he should pay assuming her normal tax is
R150 000.

a. 33.33%
b. 31%
c. 36%
d. 27.27%

10. Harry who is 55 years old is an employee at Python (Pty) Ltd. His taxable income for the 2023
tax year amounts to R650 000. What is his average tax rate? (Round off to the nearest whole
number)

a. 33%
b. 36%
c. 27%
d. 25%

11. Mrs. Mkhetshane is 60 years old and married with abled children. Her contribution towards her
family’s medical scheme was R5 000 and she qualified for out-of-pocket expenses of R12 000. What
will her additional medical tax credit be based on?

a. a % of the contributions in excess of Three times medical tax credit

b. a % of the contributions in excess of Four times medical tax credit
c. a % of the contributions in excess of Five times medical tax credit
d. a % of the contributions in excess of Six times medical tax credit

12. Mr Adams is 45 years old and married with disabled children. His contribution towards his
family’s medical scheme was R6 000 and he qualified for out of pocket expenses of R15 000. What
will his additional medical tax credit be based on?

a. a % of the contributions in excess of Three times medical tax credit

b. a % of the contributions in excess of Four times medical tax credit
c. a % of the contributions in excess of Five times medical tax credit
d. a % of the contributions in excess of six times medical tax credit
13. Tax threshold is calculated using the primary rebate and the lowest rate of tax

a. True
b. False

14. While calculating the Balance of Remuneration, Donations should be first deducted before any
other deductions.

a. True
b. False

15. Tasneem (46 years) and her husband (35 years) belong to a medical scheme. Her employer made
a contribution of R5 000 for her medical aid and she contributed R 10 000 for the full year for her
and her husband. Calculate the amount of fringe benefit that will be included in Tasneem’s gross
income?

a. R35 000
b. R15 000
c. R5 000
d. R20 000

16. Unemployment Insurance Fund (UIF) is a qualifying deduction when calculating the Balance of
Remuneration.

a. True
b. False

17. Mr. James provided you with the following information. What is his total Remuneration?

Salary R24 000

Overtime R12 000

Pension fund contributed by Employer R1 500

Pension fund contributed by Employee R1 200

Rental Income R10 000

18. Mr. Govender’s monthly Remuneration amounted to R60 000. He made a qualifying donation of
R3 000 to an approved PBO. His actual deduction before Donations amounted to R5 000. How much
can he actually deduct for donations in calculating his Balance of Remuneration? (NB: No spaces, no
Rand sign required and round off to the nearest rand if applicable).

19. Mr Carl, a resident, who is 68 years old provided you with the following information.
Taxable income R300 000. Excluded in the Taxable income is R30 000 she earned while she was
abroad. The foreign tax she paid was R2 500. Calculate his normal tax. (NB: No spaces, no Rand sign
required and round off to the nearest rand if applicable).

20. Ms Cathy, a resident, who is 35 years old provided you with the following information. Taxable
income R450 000. Excluded in the Taxable income is R30 000 she earned while she was abroad. The
foreign tax she paid was R2 500. Calculate her net normal tax. (NB: No spaces, no Rand sign
required and round off to the nearest rand if applicable).

21. Pamela, who is 40 years old, is unmarried with only one child aged 5. He provided you with the
following information for the current tax year. He joined the medical fund in October 2022 and
contributed R1 500 per month. Calculate the amount of medical tax credit (S6A) Pamela will be
entitled to during the 2023 year of assessment. (NB: No spaces, no Rand sign required and round
off to the nearest rand if applicable).

22. Mr Govender’s monthly Remuneration amounted to R110 000 and his retirement fund
contributions amounted to R35 000 for the month. How much can he actually deduct in calculating
his Balance of Remuneration? (NB: No spaces, no Rand sign required and round off to the nearest
rand if applicable).

23. Elijah who is 70 years old started working for Dairies (Pty) Ltd on 1st December of the current
year of assessment. He provided you with the following information. Remuneration for the month of
December was R24 000, January R25 000 and in February R 25 500. Calculate his Net Normal tax
during the 2023 year of assessment.

24. Amy who is 30 years old provided you with the following information for the month of March of
the current year of assessment. Calculate her annual equivalent upon which her employee’s tax will
be calculated. (NB: No spaces, no Rand sign required and round off to the nearest rand if
applicable).

Salary R40 000

Interest R6 000

Commission from employer R10 000

Dividend R12 000