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Old MathJax webview 4. Which of the following statements is true? A. Actual travel allowance received by the employee is fully taxable B. Travelling between
Old MathJax webview
4. Which of the following statements is true? A. Actual travel allowance received by the employee is fully taxable B. Travelling between the taxpayer's place of residence and his or her place of employment is regarded as business travel C. Travel allowance is only taxable if the taxpayer keeps records of actual costs incurred D. Amounts expensed for business purposes can only be claimed under travel allowance if the taxpayer keeps an accurate logbook. 5. Namene was granted the right to use the employer-owned motor vehicle with effect from 1 May 2019. The employer acquired the motor vehicle on 1 March 2016 at a retail market value of R101 200. The motor vehicle was not subject to any maintenance plan. What is the determined value of the motor vehicle for the 2020 year of assessment? Round off to the nearest rand A. R101 200 B. R35 420 C. R62 150 D. R21 753
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