Zabad is 33 years old. He is married to Zared. Zared is 26 years old....

90.2K

Verified Solution

Question

Accounting

Zabad is 33 years old. He is married to Zared. Zared is 26 years old. During the current year of assessment Zabad earned dividend income of R72 000 from a foreign company in which he holds 12% of total equity shares and voting rights, dividend income of R30 000 from a South African company and dividend income of R30 000 from a foreign company in which he holds 2% of total equity shares and voting rights. During the current year of assessment Zared earned dividend income of R30 000 from a foreign company in which she holds 2% of total equity shares and voting rights. Zabad and Zared are married in community of property. YOU ARE REQUIRED to calculate Zared's gross income. a. R81 000 b. R30 000 c. R162 000 O d. R132 000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students