Question 1.6: The cash flow statement for ABC enterprises is given in Figure 1(see next page). In addition to the salary, employee 1 also owns a property which he/she rents out for R 20000 per month. The total monthly expense on the property comes to R 15000 . Calculate the income tax for Employee 1 . a) R252667 b) R312524 c) R281487 d) R229089 Question 1.7: Calculate the total taxes for ABC enterprises using the Cash Flow Statement in Figure 1. a) R 948069 b) R 970169 c) R 925696 d) R 990069 Question 1.8 The depreciation listed in the income statement relates to the company truck. The truck is depreciated over a six-year period and will have a 20% salvage value at the end of life. Calculate the purchase price using the Cash Flow Statement in Figure 1: a) R887500 b) R852500 c) R919500 d) R937500 Draw on Figure 1: Income statement for ABC Enterprises for the questions that follow. Figure 1: Income statement for ABC Enterprises Question 1.6: The cash flow statement for ABC enterprises is given in Figure 1(see next page). In addition to the salary, employee 1 also owns a property which he/she rents out for R 20000 per month. The total monthly expense on the property comes to R 15000 . Calculate the income tax for Employee 1 . a) R252667 b) R312524 c) R281487 d) R229089 Question 1.7: Calculate the total taxes for ABC enterprises using the Cash Flow Statement in Figure 1. a) R 948069 b) R 970169 c) R 925696 d) R 990069 Question 1.8 The depreciation listed in the income statement relates to the company truck. The truck is depreciated over a six-year period and will have a 20% salvage value at the end of life. Calculate the purchase price using the Cash Flow Statement in Figure 1: a) R887500 b) R852500 c) R919500 d) R937500 Draw on Figure 1: Income statement for ABC Enterprises for the questions that follow. Figure 1: Income statement for ABC Enterprises