Fuel expenses Entertainment expenses Stock purchases New delivery vehicle-bought 15 August 2022 Mercedes Benz (motor vehicle)-bought 1 September 2022 Rent paid-shop premises Repair and maintenance Short-term insurance premiums (fire and theft of stock) Traffic fines Required: R7 000 R16 500 R30 000 R90 000 R453 000 R12 000 R69 000 R2 500 R3.000 SEMESTER TAX100 TAXATION 2.1. List eight (8) different kinds of information that is required to be included on a tax invoice for VAT purposes. (4) 2.2 Calculate the following: (4) (10) 2.2.1. Output tax that must be shown on the 09/2022 VAT return 2.2.2. Input tax that must be shown on the 09/2022 VAT return 2.2.3. VAT payable by or refundable to the company on the 09/2022 VAT return (2) Show all calculations. Round off all amounts to two decimals. Question 3 [12] For the 2022 year of assessment, an individual (aged 47 years) earned the following income and incurred the following expenses: Salary - R120 000 Interest received - R25 000 Royalty income on a book she wrote-R100 000 Contributions of R9 500 to a pension fund and R52 000 to a retirement annuity fund Employee's tax deducted - R15 000 Required: 3.1. Calculate the taxable income for the 2022 year of assessment. 3.2. Calculate the tax payable or refundable for the 2022 year of assessment. Show all calculations. Round off all amounts to the nearest rand. Question 4 [11] (9) (3) (3) A company buys and sells products. It is not a small business corporation. The following financial information is available for the 2022 year of assessment: . Sales for the year- R4 000 000. Opening stock: 1 March 2021-R500 000. Closing stock: 28 February 2022-R600 000. . Purchases for the 2022 year of assessment-R2 400 000. STADIO SBS Page 5 of Assignment