Page 62 - F6 Slide - Taxation - Lecture Day 4

Solution

Internet banking fee (R73,92 × 14/114) 9,08

Service fee (R162,35 × 14/114) 19,94

Transaction costs (R83,90 × 14/114) 10,30

Administration costs (R14,00 × 14/114) 1,72

Interest charged on overdraft nil

Interest received on positive bank balance nil

Cost for cheque book (R18,20 × 14/114) 2,24