Joseph (66) owns an investment in a money market fund worth R450000 for which he expects to earn 8.3% interest for the tax-year.In addition, he has invested R200000 in a SA Retail Savings bond which will pay interest at 7.5% for the tax-year.He owns listed shares from which he received dividends of R150000 for the tax-year.Joseph's marginal tax-rate is 30%.

You are required to calculate and advise Joseph on his total tax liability the aforementioned investments will attract.(You can ignore any tax rebates in your response to Joseph).