TEST $1$ ?TYPE QUESTIONS

The $100\%$ ?allowance of manufacturing assets is allowed for which type of companies?

A$.$ ?Partnerships

B$.$ ?Small business enterprises

C$.$ ?Farming businesses

D$.$ ?None of the above

Mr$.$ ?Bee has been a member of the retirement annuity fund since he was employed. All his contributions were deductible against taxable income. In November $2022,$ ?he received a retirement lump sum of R$960000.$ ?Calculate tax payable on the lump sum using $2023$ ?tax tables.