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Monica Weyulu had the following income for the year of assessment ending 28 February 2017: N$ Salary 10 000 Director's Fee 2 000 Interest from

image text in transcribed Monica Weyulu had the following income for the year of assessment ending 28 February 2017: N$ Salary 10 000 Director's Fee 2 000 Interest from First National Bank 1000 Interest from Bank in the US 4 000 Dividends 2000 Legacy 100 000 Gift 20 000 Profit on sale of house 10 000 Share Premium receipt Subsidy on soil erosion 5 000 3 000 Annuity from insurance company 1000 Lump sum from employer 50 000 Profit from business branch in South Africa 10 000 Sale of shares held as: Investment Trading Stock 8 000 6 000 Required: Calculate the gross income of Monica Weyulu for the year of assessment ending at 28 February 2017

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