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QUESTION ONE Mrs Judy, a South African resident who is 72 years old has...

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Accounting

QUESTION ONE
Mrs Judy, a South African resident who is 72 years old has the following investment income:
South African dividends (exempt in terms of s10(1)(k))
South African interest
R40000
Foreign dividends (exempt in terms of s 10(1)(k)(ii))
Foreign dividends (not specifically exempted)
Foreign interest
REQUIRED:
1.1. Calculate Mrs Judy's gross and exempt income for the 2020 year of assessment.
1.2. List examples of Lump-sum benefits paid under paragraph (d) of special inclusions.
1.3. State the exemption applicable to uniform allowance.
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