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David is a supervisor of a company and he retired due to health reasons in 2022. He received the following from his employers: (a) $8,000

David is a supervisor of a company and he retired due to health reasons in 2022. He received the following from his employers: (a) $8,000 gratuity for his good service (b) $20,000 waiver of interest for the loan he borrowed for his sons education What is Davids total taxable income for the year of assessment 2023

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