1.1 What is the most appropriate description of what constitutes an individual's taxable income? (a) Gross income only Gross income less exempt income Gross income less exempt income less allowable deductions All income less exempt income less interest exemption less local dividends exemption (e) Income less pension fund contributions less retirement annuity fund contributions 1.2 Mrs Anne (66 years old and unmarried) receives a monthly salary of R25 000 for the 2018 year of assessment. What is her normal tax? (a) R286 635 [R300 000 - R13 365] R300 000 (R25 000 ~ 12 months) R13 635 (d) (e) Nil R62 332 [R35 353 + (R300 000 - R195 850) 26%]