Clive Rajaram (Clive) is 60 years old and unmarried. He has always been a resident of the Republic. He is employed by BTN Mobile (Pty) Ltd (BTN) as a sales manager.

The following transactions relates to Clive for the period 1 March 2019 to 29 February 2020:

1. Clives monthly salary breakdown is as follows:

a. Salary R45,000

b. Cell phone allowance - R3,800

2. Clive contributed R4,500 towards BTNs pension fund. In terms of the companys pension fund rules BTN contributes also R4,500 of the pension contribution monthly.

3. Clive took a loan from BTN on 1 March 2019 for his nephew to take an overseas trip to Thailand. The loan is interest free and the capital of R20,000 was unpaid throughout the 2020 year of assessment. The market related interest on similar loans amounted to 9% per annum.

4. He received a performance bonus on 31 December 2019 of R105,000.

5. He received a travel allowance of R6,000 per month. He used his travel allowance to buy a car for R150,000 (including VAT). He did not keep a detailed logbook of his business travel.

6. As part of his job description, Clive has to dress smart so BTN pays him a clothing allowance of R8,000. The clothing is clearly distinguishable for all sales staff of BTN.

7. Clive incurred an expense for the 2020 year of assessment for his bond repayment for his apartment of R120,000 and the expense of his groceries amounting to R43, 000.

8. Clive bought two apartments in Sommerstrand, Western Cape for R450,000 each in November 2000. He received annual rental income of R35,000 per apartment.

On 1 January 2020 he decided to sell one apartment at its market value of R3,500,000 to a resident. On 1 September 2005 Clive had installed a car parking shed to the apartment that cost him R10,000.

9. Clive had the following share investments and the related dividends:

Description	Dividend
EasyEquity shares in various companies that are listed on the Johannesburg Stock Exchange (JSE).	R56,000 (31 July 2019)

10. He received interest of R40,000 from his local various investments.

Required

Calculate Clive Rajarams remuneration for the month of January 2020. (4 marks)

Select the most correct answer:

Select one:

a. R59,300

b. R60,000

c. R59,900

d. R53,300

e. R58,100

f. R58,250