Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Singo is a 31-year-old man. He works for Letoya Limited. During the current year of assessment Singo received R78 000 travel allowance from Letoya
Singo is a 31-year-old man. He works for Letoya Limited. During the current year of assessment Singo received R78 000 travel allowance from Letoya Limited. He travelled 20 000 total kilometres for the ye He travelled 13 000 kilometres for private purposes. His vehicle costs R235 000 including VAT. He kept records of his vehicle expenses but did keep a logbook of all business travelled. YOU ARE REQUIRED calculate the business cost. Select one: a. R39 150 b. R72 150 c. R78 000 d. R38 850
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started