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I would like help with this question, I did it but I would like confirmation that i have completed it in the correct manner if

I would like help with this question, I did it but I would like confirmation that i have completed it in the correct manner if not please help me make the necessary corrections, thank you!

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Including VAT 1 15% R T50 000.00 VAT 15% T50 0003-: 15+ 115 R 9'9 130.00 Excluding VAT 100% T50 000 x 100 + 115 R 550 5?0.00 Including VAT 1 15% R 490 000.00 VAT 15% 490 000 x 15+ 115 R 53 913.00 Excluding VAT 100% 490 000 x 100 + 115 F: 425 057.00 Including VAT 11 5% R 320 000.00 VAT 1 5% 320 000 x 15 +115 R 41 "39.00 Excluding VAT 100% 320 000 x 100 + 115 R 215 251.00 4. No VAT on interest income or interest expense. Interest is exempted from tax. 5. VAT is exempt on residential proper'q,r rental income. 5. Including VAT 115% Fl 2 200.00 VAT 15% 2200X15+115 R 25100 Excluding VAT 100% 2 200 x 100 + 115 R 1 I3113.00 7'. Including VAT 11 5% R 10 000.00 VAT 15% 10000x15+115 R 1304.00 Excluding VAT 100% 10 000 x 100 + 115 R 5 595.00 3. No VAT on fuel because fuel is a zero rated product. 1.1 The new owner of Crash Builders Enterprise had to register for VAT as he is expected (15) to achieve a turnover of more than R 1 000 000 per annum. However, he is unsure how to treat different kinds of income and the applicable VAT and asked you for your advice. Transaction R Sales to debtors 760 000 Cash sales 490 000 Services rendered for cash 320 000 Rent income from warehouse 36 000 Interest on fixed deposit 15 000 Settlement discount received 2 200 Credit losses 10 000 Fuel expense 7 980 . All amounts include VAT at 15% where applicable REQUIRED You are required to calculate the VAT for each of these transactions. Note: Round of the nearest Rand

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