Question: Blake is 4 0 years old. During the current year of assessment, he sold his house for R 6 3 0 0 0 0 .

Blake is 40 years old. During the current year of assessment, he sold his house for R630000. included in the selling price is estate agent commission of R29999 paid to Kukkor real estate, the estate agents who assisted him in selling his house. YOU ARE REQUIRED to determine the proceeds.
a.
R600001
b.
R659999
c.
R630000
d.
R600000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!