Pg 23 (20 MARKS) TAXATION 2A SHORT ESSAY QUESTION Prim mary chote. Richard Nkambi (60 years of age and has a disability as defined) had the following receipts and accruals during the 2020 year of assessment: Income received for the year: 540 000 Salary from employer 140 000 Interest from local bank 14 000 Dividend from South African company 54 000 Interest from a tax free investment (He had made an investment for the current year of R 450 000) 1 570 Uniform allowance received (The uniform that he wears in a distinct black and blue colour with the company logo on it) Monthly rental Income 12 000 51 000 16 000 Richard incurred the following expenses during the current year of assessment: Tax deductible pension fund contributions Repairs incurred on the property rented out by Richard Household expenses 20 000 Richard is a member of a medical aid scheme and for the year of assessment he made a total contribution to the fund of R50 000 YOU ARE REQUIRED TO calculate Richard's tax liability for the 2020 year of assessment