Question: Back On 1 November 2 0 2 3 , X 1 Enterprises made an initial donation of R 5 0 0 0 to a registered

Back
On 1 November 2023, X1 Enterprises made an initial donation of R5000 to a registered public benefit organization, which was followed by a second donation of R12000 on 14 January 2024. At the time of the first donation, the company's financial Iecords indicated taxable income of RB0000, which subsequently increased to R95000 by 14 January 2024. Both donations were made as part of X1 Enterprises' corporate social responsibility initiatice, and the company intends to cla m the available tar deductions under Section 18A of the income Tax Act. The total 518A deduction that can be claimed by XI Enterprises for the 2024 year of assessment amounts to
A. R1T 500
4. Parmone
C. R5000
D. R14500
Back On 1 November 2 0 2 3 , X 1 Enterprises made

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