Question 1 20 Marks Explain the difference between customs duty and excise duty (4 Marks) What are the three requirements for a lump sum from an employer to be exempted? (6 Marks) Give five (5) possible reasons why governments levy tax. (5 Marks) Mention 3 ways in which the payment of normal tax payable for individuals takes place? 3 marks Define fringe benefits in terms of the income tax Act 2 marks