In the tax year ended 30 June 2016 Tamara had the following income;

P

Gross Pension 300,000

Interest from Building Society share Subscriptions 20,000

BSI (Investment Account-gross) 35,000

Local Dividends (gross- WHT deducted P750) 10,000

Gross foreign dividends 68,000

Income received from sale of Property 25,200

Loan interest extended to the government of Botswana 30,000

Alimony for maintenance of her son from a former spouse 48,000

Study Scholarship received 68,000

Income from sale of a Plot in Lobatse 450,000

Required:

1. What is the Taxable income for Tamara for the tax year ended (8 marks)
2. Calculate the tax to be paid by Tamara (3 marks)