Mpho is 28 years old. Mpho works for J-Properties. On 1 June, in the current year of
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Question:
Mpho is 28 years old. Mpho works for J-Properties. On 1 June, in the current year of assessment J-Properties borrowed Mpho R800 000 at an interest rate of 7%. The official interest rate is 9%. YOU ARE REQUIRED to calculate the taxable benefit that needs to be included in Mpho's gross income.
Select one:
a.R16 000
b.R56 000
c.R72 000
d.R12 000
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Posted Date: