In terms of the travel allowance received by Jennifer, determine the amount to be included in Jennifers taxable income for the year ended 28 February 2022. Clearly include all the relevant calculations. (17 )

Travel allowance Jennifer owns a vehicle that she purchased on 1 November 2017 for R400 000 (15% VAT excluded). The purchase price included a maintenance plan for 5 years. The vehicle was financed over 5 years. The market value of the vehicle amounted to R260 000 on 1 September 2021. Jennifer regularly consults with clients regarding specific design requirements. She prefers to visit the clients at their premises. She previously did not have a travel allowance structured into her salary package. After meetings with the companys HR department a travel allowance of R6 500 per month has been structured into her salary package as from 1 September 2021 (not included in the salary figure provided above). Jennifer kept accurate records of her costs and kilometres travelled and provided you (and her employer) with the following schedule: Actual costs Actual kilometres travelled 01/03/2021 01/09/2021 01/03/2021 01/09/2021 to 31/08/2021 to 28/02/2022 to 31/08/2021 to 28/02/2022 Fuel R16 560 R13 340 Private 10 552km 8 581km Maintenance R1 007 R266 Between home and work 11 960km 11 960km Annual license R472 Business 5 211km 2 851km Traffic fine R1 725* * Jennifer was caught for speeding on her way to a client as she was late for her appointment.