QUESTION $1(20$ Marks$)$ X$1$ Enterprises reported an operating profit before tax of R$1800000$ for the year of assessment ended $28$ February $2024$The company is subject to normal taxation of $27\%$ after considering the following transactions: $(1)$ The following donations were made during the current year of assessment: $$ On $1$ September $2023$ a payment of R$10000$ was made to a registered PBO and the appropriate receipt was filed. Taxable income amounted to R$85000$ on this date. $$ On $5$ December $2023$ a payment of R$2000$ was made to a registered PBO, on which date the taxable income amounted to R$115000.$ On $10$ January $2024,$ R$12000$ was paid to a registered PBO when taxable income amounted to R$110000.(2)$ X$1$ Enterprises issued $100$ equity shares to each of its $30$ employees as part of a broad$-$based employee share plan. Employees are required to pay R$50$ per share, while the market value of each share was R$125$ at the time of issuance. $(3)$ On $1$ January $2024,$ X$1$ Enterprises entered into two three$-$year learnership agreements with employees. Seth, one of the employees, holds an NQF $6$ qualification, and the other, Ariella, holds an NQF $8$ qualification. Ariella has a defined disability. $(4)$ X$1$ Enterprises, with a February year$-$end, entered into a restraint of trade agreement following the termination of its Legal Director's employment. The company made a payment of R$1000000$ on $27$ February $2024,$ initiating a restraint period of forty$-$eight months. The payment is taxable to the former employee. $(5)$ X$1$ Enterprises paid a monthly insurance premium of R$2000$ for six months of the assessment year, in respect of a life insurance policy taken out on key personnel. The HR department recorded the fringe benefit on the affected key personnel's IRP $5$s$.(6)$ Annuities were paid to the following individuals during the current year of assessment: Anne Retired employee R$25000$ Beth Wife of deceased CEO R$50000$ Warren Minor child of deceased employee R$12000$ Peter Ill health retirement R$30000$ Mike Disgruntled employee R$7500$ R$124500(7)$ During the audit of the tax records for the year of assessment ending $28$ February $2023$ the assessed loss of R$62000$ was confirmed. You are required to: Calculate the tax liability of X$1$ Enterprises for the $2024$ year of assessment. Include all workings and calculations. QUESTION $2[10$ Marks$]$ Following a severe storm, X$1$ Enterprises incurred significant repair and refurbishment expenses for its office building, which was originally constructed for R$3550000$ing $2014.$ The most substantial cost was for the repairs to the roof, which amounted to R$85000.$ This was necessary to restore the structural integrity of the building after the storm caused considerable damage. While undertaking the roof repairs, the directors decided to extend the undercover parking with two bays and installed additional shade ports for a total cost of R$22000.$ In addition to the roof repairs, the storm also resulted in damage to the office interiors, requiring a complete repainting of the affected areas. The cost of repainting came to R$17500,$ covering all the offices impacted by the storm$$s aftermath. Moreover, the storm caused substantial damage to the flooring, particularly to the tiles. Initially, a quotation was obtained for R$20000$ to replace the broken tiles. However, the decision was made to upgrade from tiles to vinyl flooring, which resulted in a final cost of R$27500.$ This higher amount reflected the cost of materials and installation associated with the change to a more durable and modern flooring solution. You are required to calculate, and explain in detail, the impact of the transactions on the normal taxation liability of X$1$ Enterprises for the current year of assessment, given that the company is subject to taxation at a rate of $27\%.$