Question: Please help me with this taxation question (20 marks) Wimbledon (Pty) Ltd ( Wimbledon) provides tennis lessons to persons ranging from the ages of six

Please help me with this taxation question (20 marks)

Wimbledon (Pty) Ltd ( Wimbledon) provides tennis lessons to persons ranging from the ages of six to 66 years. Wimbledon is not a small business corporation as defined in the Income Tax Act and has a March year-end. On 1 November 2018, Wimbledon sent five of their most sought after coaches for the annual tennis course update to learn the latest coaching methods and techniques. The cost of tennis course amounted to R7800 per person and the amount of R39000 was paid on 25 October 2018.

Please guide and assist.

Thank you.

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!

A completed Personnel Budget (Table 6-33) Follow the instructions on page 353 to calculate the new salary for each position. Ensure the raise that goes into effect in October is factored into the...

please help me to find the answer for part 1, part3 and part4 Queensland University of Technology QUT Business School School of Accountancy AYB 339 Accountancy Capstone Integrated Case Study Semester...

Processing steps for 18 questions are required. Thanks so much for help! Queensland University of Technology QUT Business School School of Accountancy AYB 219 Taxation Law HandiTax Group Project...

this assignment is regarding return the tax of a client by using handy taxassignment. can anyone help me to complete the income section of this assignment, just write the solution in a pdf file?I...

Building and Construction BSBSMB401 Establish legal and risk management requirements of small business Learner Materials and Assessment Tasks Table of Contents About BSBSMB401 Establish legal and...

A MIL + Q Part 1: Multiple choices ALL 20 questions are compulsory and MUST be attempted (40 marks). Each question is worth 2 marks. Please also explain briefly and show your calculation process when...

Please help me with this 2019 tax return. All boxes filled with numbers have been verified as accurate. Any parts of this question where I need assistance are highlighted in yellow. I believe any...

Please help me as soon as passible. Please help me as soon as passible. Please help me as soon as passible. Please help me as soon as passible. Please help me as soon as passible. Please help me as...

Please help ABC Online Testing X *Homework Help - Q&A from Onl x M Inbox (35) - ximenatr678@gmail. x + V X CD...

Please help, I would appreciate it. Please help, I would appreciate it. Please help, I would appreciate it. Please help, I would appreciate it. Please help, I would appreciate it. Please help, I...

Apply the provisions of some of the common codes for accountants in the United States. The following are the scenarios you will use to complete this assignment: Eduardo Sanchez, CIA, Audit Manager...

Plot the residuals from Problem 4.44 and comment on model adequacy.

Use www.oanda.com (or another relevant internet website) to find out which countries use the following currencies: a) ringgit b) dong c) lek d) won e) kwacha f) rufiyaa BYING UNITED STATES BESAR...

rider_student Column Data Type Description student_id integer the primary key first_name varchar(25) student first name last_name varchar(25) student last name major_id integer the ID of the...