(20 Marks) Lucy Jack (60 years old), a resident of the Republic, holds 8% of the total equity shares and voting rights in a TK Inc. (a foreign company). On acquiring these shares, he incurred an expenditure of R3 000 in a form a loan. He received a gross dividend of R45 000 from TK Inc in 2022 year of assessment. The dividend received from TK Inc. is subject to withholding tax of 10%. He also earned the following amounts in 2022 year of assessment: An interest of R1 500 from a foreign investment. An interest of R25 000 from a local investment (not tax-free investment) REQUIRED: Calculate Lucys taxable income for the current year (2022) of assessment.