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1.4 REQUIRED (3 marks) Discuss whether the amounts received by Sam Smith are considered gross income. INFORMATION Sam Smith was employed for a number of
1.4 REQUIRED (3 marks) Discuss whether the amounts received by Sam Smith are considered gross income. INFORMATION Sam Smith was employed for a number of years as the late Elon Tusks chauffeur. On the death of Elon Tusk, Sam Smith received as a bequest, the car he had driven (valued at R142 000), and cash of R150 000.
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