1. The amount is only include in gross income by a taxpayer only if it is received by him on his own behalf, for his own benefit. Which case law does this relates to? A. Kuttle B. Lategan C. People's Stores D. Geldenhuys 2. The onus is on the ......... to proof that an amount is of capital nature? A. The commissioner B. Taxpayer C. Public 3. In relation to direct and indirect tax, which of the following statements is true? A Income tax is an example of an indirect tax and value added tax an example of a direct tax B Both income tax and value added tax are examples of direct taxes C Income tax is an example of a direct tax and value added tax an example of an indirect tax D Both income tax and value added tax are examples of indirect taxes Select one: 1. A C B c 2. 3. C 4. D 4. Identify which of the following is Not subject to exemption: A. Compensation paid in respect of Workmen's Compensation Act B. War pension received c. Cohen Pension received in respect of service rendered 5. Fuma Consulting (Pty) Ltd has one shareholder and one employee, an engineer, Mr Ndjima, who provides consultancy services for construction projects. Mr Ndjima is currently engaged in a large consulting project which will last for 13 months. The maximum turnover the company generates is R950,000. Which entity type will Fuma Consulting (Pty) Ltd be taxed? Select one: A. Sole proprietorship B. Micro business C. Standard company D. Partnership 6. One the following case law assisted with the clarification of what residency means: A. George Forest Timber B. Lever brothers C. Cohen vs CIR D. Natal estates vs CIR 7.1. With regards to a company operating within South Africa, which combination of the following statements (if any) are true in respect of a year of assessment commencing on/after 1 March 2019? (1) A company operating in South Africa can only be classified as a tax resident in South Africa if that company was formed, established or incorporated in South Africa. (2) A company that is a tax resident in South Africa is taxed (for normal tax purposes) at a rate of 28%. (3) A company that is tax resident in South Africa needs to include 40% of its net capital gains in its taxable income calculation. (4) A company that is a tax resident in South Africa is entitled to claim tax deductions for normal tax purposes in respect of all of its expenditure incurred. (5) A company that is not incorporated, formed or established in South Africa can still be a South African tax resident if it has its place of effective management in South Africa. Select one: A. 1, 2 and 3 B. 2 and 5 C. 1 and 4 D. All of the above