Mr Nhlapho is a 45-year-old South African citizen who lives and works in Johannesburg. During the tax year he receives dividends from a company in the USA, of which he holds one-eighth of the shares and associated voting rights. He receives no other interest or dividends during the year. These dividends totalled R24,000. How much of this amount is subject to income tax? Select one: O a. R3,000 O b. R200 O c. None of it O d. R24,000
Mr Nhlapho is a 45-year-old South African citizen who lives and works in Johannesburg. During the tax year he receives dividends from a company in the USA, of which he holds one-eighth of the shares and associated voting rights. He receives no other interest or dividends during the year. These dividends totalled R24,000. How much of this amount is subject to income tax? Select one: O a. R3,000 O b. R200 O c. None of it O d. R24,000
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 83P
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![Mr Nhlapho is a 45-year-old South African citizen who lives and works in
Johannesburg. During the tax year he receives dividends from a company in the
USA, of which he holds one-eighth of the shares and associated voting rights. He
receives no other interest or dividends during the year. These dividends totalled
R24,000. How much of this amount is subject to income tax?
Select one:
O a. R3,000
O b. R200
O c. None of it
O d. R24,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12f4eb0a-586f-40d0-970a-8a6a77ea7f74%2F85ef3445-7dda-4889-bcb1-d71964bfbc93%2Fzb1o0l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mr Nhlapho is a 45-year-old South African citizen who lives and works in
Johannesburg. During the tax year he receives dividends from a company in the
USA, of which he holds one-eighth of the shares and associated voting rights. He
receives no other interest or dividends during the year. These dividends totalled
R24,000. How much of this amount is subject to income tax?
Select one:
O a. R3,000
O b. R200
O c. None of it
O d. R24,000
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