Mr Nhlapho is a 45-year-old South African citizen who lives and works inJohannesburg. During the tax year he receives dividends from a company in theUSA, of which he holds one-eighth of the shares and associated voting rights. Hereceives no other interest or dividends during the year. These dividends totalledR24,000. How much of this amount is subject to income tax?Select one:O a. R3,000O b. R200O c. None of itO d. R24,000

The objective of the question is to determine the amount of Mr Nhlapho's dividends that is subject…

Answered: Mr Nhlapho is a 45-year-old South…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter15: Choice Of Business Entity—other Considerations

Section: Chapter Questions

Problem 83P

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