Suzanne is a single mother and a full-time employee of Company A. Her salary is R65,000 a month. Based on the fact that she is a long-standing employee, Company A has granted her son a scholarship of R24,000 for his current Grade 10 year to aid him towards his dream of becoming a chartered accountant. How much of the scholarship is subject to income tax? Select one: O a. R4,000 O b. R24,000 Ос None of it - the entire amount is exempt from income tax O d. R20,000 Thomas is a junior executive at an advertising firm and earned a basic salary of
Suzanne is a single mother and a full-time employee of Company A. Her salary is R65,000 a month. Based on the fact that she is a long-standing employee, Company A has granted her son a scholarship of R24,000 for his current Grade 10 year to aid him towards his dream of becoming a chartered accountant. How much of the scholarship is subject to income tax? Select one: O a. R4,000 O b. R24,000 Ос None of it - the entire amount is exempt from income tax O d. R20,000 Thomas is a junior executive at an advertising firm and earned a basic salary of
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 27P
Question
![Suzanne is a single mother and a full-time employee of Company A. Her salary is
R65,000 a month. Based on the fact that she is a long-standing employee, Company
A has granted her son a scholarship of R24,000 for his current Grade 10 year to aid
him towards his dream of becoming a chartered accountant. How much of the
scholarship is subject to income tax?
Select one:
O a. R4,000
O b. R24,000
Ос
None of it - the entire amount is exempt from income tax
O d. R20,000
Thomas is a junior executive at an advertising firm and earned a basic salary of](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1de6e49-d0e6-4b63-8e2c-8fae04076b6a%2F9f621fe5-ce07-4127-86e9-23715c7190ce%2Fhhoul_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suzanne is a single mother and a full-time employee of Company A. Her salary is
R65,000 a month. Based on the fact that she is a long-standing employee, Company
A has granted her son a scholarship of R24,000 for his current Grade 10 year to aid
him towards his dream of becoming a chartered accountant. How much of the
scholarship is subject to income tax?
Select one:
O a. R4,000
O b. R24,000
Ос
None of it - the entire amount is exempt from income tax
O d. R20,000
Thomas is a junior executive at an advertising firm and earned a basic salary of
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