Test 3

Acct 11 mm 20 wt. 20%

Answer the following questions in two to four sentences-

1. Name three common types of allowances that employer provide to employees. 2 marks

2. Which statutory deductions apply to taxable allowances? 2 marks

3. What three conditions must be satisfied for a car allowance to be considered reasonable? 4 marks

4. What are T slips? Name five T slips that report Employment income and investment income and other income from various sources.