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Mrs Judy, a South African resident who is 72 years old has the following investment income: South African dividends (exempt in terms of s 10(1)(k))
Mrs Judy, a South African resident who is 72 years old has the following investment income:
South African dividends (exempt in terms of s 10(1)(k)) R50 000
South African interest R40 000
Foreign dividends (exempt in terms of s 10(1)(k)(ii)) R7 500
Foreign dividends (not specifically exempted) R750
Foreign interest R200.
Question: 3.1 Calculate Mrs Judys gross and exempt income for the 2020 year of assessment. (15)
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