2.3 REQUIRED: (15 marks) Calculate General Sams income for the 2018 year of assessment. INFORMATION: General Sam, aged 63 years, retired from the South African National Defence Force on 31 August 2017. He had been employed by it for the past 22 years. He was awarded R36 000 by it as compensation for the loss of his office. This is the first time that he has been awarded a compensation for the loss of office award by an employer. General Sam immediately invested the R36 000. Interest and dividends accrued as follows:

A local dividend of R1 000 accrued to him from Anglo CC. He had invested R6 000 in it.

A local dividend of R1 200 accrued to him from Unilev Limited. He had invested R5 000 in it.

Local interest of R1 300 accrued to him from a local non-tax free interest-bearing security. He had invested R25 000 in it. Prior to General Sams retirement he had earned a salary of R18 000 a month. Subsequent to his retirement, a pension of R10 800 a month accrued to him. General Sam was also awarded a disability pension of R500 a month throughout the 2018 year of assessment as a result of the loss of his left hand when a grenade accidentally exploded during training exercises. This disability pension is awarded to him by the Workmens Compensation Commissioner. On 1 November 2017, finding retirement boring, General Sam obtained a parttime consulting position with Safecor (Pty) Limited. He earned from it a fee of R5 000 a month. On 31 December 2017 he was dismissed by it. He was awarded Unemployment Insurance Fund benefits of R600 a month for the months of January and February 2018. The only other amount received by or accrued to General Sam during the 2018 year of assessment was local interest of R9 750 on his bank savings account.