1.4 How much of the foreign dividends will be included in Lizette's income? (a) Nil. Foreign dividends are not taxable in South Africa R1 500 (R3 000 x 50% as only 50% of foreign dividends are included] Nil [R3 000 - R3 000] R3 000. The full R3 000 as she is taxed on her worldwide income (e) R1 100 [R3 000 - R1 900 (foreign interest)] Assume the allowable exemption on foreign dividends was R3 200. How much of the foreign interest will be included in Lizette's income? (a) Nil. Foreign interest is not taxable in South Africa (b) R1 900 Ri 700 [R1 900 - (R3 200 - R3 000)] (d) R750 [(R1 900 x 50%) - (R3 200 - R3 000)] (e) (R1 100) [R1 900 - R3 000] (1) 1.6 Assuming that the foreign investment income exemption has been fully utilised, how much of the South African interest will be included in Lizette's income? (a) R25 500 (b) R1 700 [R25 500 - R23 800) (c) (R1 500) (R25 500 - (R23 800 + R3 200)] (d) R4 900 (R25 500 - (R23 800 - R3 200)] (e) Nil. South African interest earned is exempt from normal tax (1)