Question 1 Andile 77 years of age is a senior Manager at...

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Accounting

Question 1
Andile 77 years of age is a senior Manager at Blue V, a small business-mediumond sized manufacturing company in the center of Durban. he earearns a monthly salary of R32500 until 31 December 2023,when he decided to retire due to health complications. Andile also received R1000 monthly commissionuntil 31 December 2023 and R135000 once off bonus from his employer up on retirement. Andile also received R3000 quarterly local dividends.
Calculate taxable income fir this employee for the year ended 29 February 2024.please briefly explain with reasons where items are not included/taxable with applicable sections of the Act.Show all your calculations and round off to the nearesr Rands.

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