Maxwel, aged 40, is about to sign a revised employment agreement and has approached you to clarify some of the tax aspects of the various options he is considering. He has been offered a package equivalent to a cost to his employer of R800 000 per annum. The following options are available. Option A A cash salary of R800 000 per annum. Membership to a pension fund. Employer and employee contributes equally, total contribution of R50 000 per annum. His salary will be reduced by the employers' contribution. Option B Free meals in a staff canteen. His salary will be reduced by R2000 per month. Free accommodation in an unfurnished house owned by the employer. His remuneration proxy is R800 000. His salary will be reduced by R4 000 per month. REQUIRED: Calculate the after-tax earnings for all of the above options. Structure your answer as a normal tax calculation and discuss the tax consequences with each entry. All workings should be part of the calculation. For purposes of your answer, the tax rates of 2018 should be used. (14) Example: Annual bonus 300 000 Include as gross income