In whose hands will Donation $2$ be taxed? Provide a brief reason for your answer. $(2$ marks$)$ brief reason for your answer. $(6$ marks$)$

In whose hands will Donation $4$ be taxed? $(8$ marks$)$

Calculate the tax payable by Jacky for the $2024$ year of assessment. $(12$ marks$)$

Question $2(20$ Marks$)$

Mr Tom is the sole owner of XYZ Pty $($Ltd$).$ The business is a manufacturing company and the Commissioner has approved the company's process as a 'process of manufacture". XYZ $($Pty$)$ Limited is a Small Business corporation as defined.

The financial information of XYZ Pty $($Ltd$)$ for the year of assessment ending $28$ February $2024$ is:

Sale of products

$20\%,$ of gloss mcome

Salaries

Purchases

merco bus $($brought into use immediately for the first time by ABC $)$ Purchase of manufacturing machine $($broug R$200000.$ The taxpayer prefers the most preferential capital allowance.

Required

a$)$ Calculate the tax payable by $xYx($Pty$)$ Limited, assuming the company is an SBC $(8$ marks$).$

Part $B-E$ is about Microbusinesses

b$)$ What is the "Qualifying turnover" for a micro business? $(4$ marks$).$

c$)$ How is taxable turnover calculated? $(4$ marks$).$

d$)$ What type of tax system does a micro business use $(1$ mark$).$

e$)$ If XYZ $($Pty$)$ Limited were a Micro business, calculate its tax expense assuming it has taxable income of R$1370000(3$ Marks$).$