Nelson Nilam is a 74 year old residence who works in the motor industry. He has been married in community of property to Dinky Magubane (aged 60) for 15 years. Nelson has the following income and expenses for the 2022 year of assessment: Income Salary R 25 000 pm Bonus 10% of gross salary Interest local R 80 000 pa Dividends- (listed SA company) R 15 000 pa Foreign Dividends (From a listed company) R 3 000 pa Foreign Interest R 5 000 pa Rental Income (derived from garden cottage) R 10 000 pm Expenses Maintenance to rental property R 30 000 pa He belongs to a medical aid fund to which he contributed R3 000 per month to during the year of assessment and he had medical expenses of R23 500, which were not covered by the medical aid fund. His employer also deducts employees tax of R12 785 and he paid R20 200 provisional tax for the 2022 year of assessment. Dinky Magubane Income and expenses for the 2022 year of assessment: Salary R 18 000 pm Income from Tax Free Investments R 4 600pa YOU ARE REQUIRED TO: Calculate the net tax liability for Nelson Nilam for the year of assessment ending 28 February 2022. Note: Please ensure that all tables and rebates used for the calculation are for the 2022 year of assessment. 2022 tax year (1 March 2021 28 February 2022) Taxable income (R) Rates of tax (R) 1 216 200 18% of taxable income 216 201 337 800 38 916 + 26% of taxable income above 216 200 337 801 467 500 70 532 + 31% of taxable income above 337 800 467 501 613 600 110 739 + 36% of taxable income above 467 500 613 601 782 200 163 335 + 39% of taxable income above 613 600 782 201 1 656 600 229 089 + 41% of taxable income above 782 200 1 656 601 and above 587 593 + 45% of taxable income above 1 656 600