units

BTW2121

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedSouth Africa First semester 2010 (Day)
Coordinator(s)Mr Keith Jordaan

Synopsis

An introduction to the principles of the taxation of individuals, including an examination of: the basic calculation of income tax; the calculation of gross income; exempt income; allowable deductions; the calculation of net normal tax payable; salaried persons - receipts; fringe benefits; salaried persons -- specific deductions; Standard Income Tax on Employees (SITE); retirement benefits and investment income and royalties; capital gains tax. The basic principles relating to the taxation of farmers is also examined.

Objectives

The learning goals associated with this unit are to:

  • develop an understanding of the South African taxation system as it impacts on individuals
  • develop the capacity to calculate the tax payable by individuals.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Adrian Pilley

Contact hours

One 2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1201