Crowdly
Add to Chrome
Employee receives an interest-free loan of R120 000 on 1 August 2024. The offici...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Employee receives an interest-free loan of R120 000 on 1 August 2024. The official rate = 8.75%. Loan outstanding for 7 months in the 2025 year of assessment. What is the taxable fringe benefit?
❌
❌
✅
❌