Viwe Thenga work for a Financial Services company and is required to maintain a home office for
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Question:
Viwe Thenga work for a Financial Services company and is required to maintain a home office for dedicated days which he is allowed to work from home. He incurred the following expenses:
- Interest on loan of R9 000 which was used to buy a rental property and on which he received rental income.
- Home office expenses of R9 200, he uses his home office as a dining room as well.
- Computer of R24 000, he purchased the computer to use when working from home. He uses this computer exclusively for work. (Wear and tear can be claimed over 3 years, you can assume he had the computer for the full year of assessment).
YOU ARE REQUIRED to calculate the amount which will be allowed as a deduction form Viwe's taxable income.
Select one:
a.R26 200
b.R42 200
c.R8 000
d.R17 200
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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