Question $1$

Andile $77$ years of age is a senior Manager at Blue V$,$ a small business$-$mediumond sized manufacturing company in the center of Durban. he earearns a monthly salary of R$32500$ until $31$ December $2023,$when he decided to retire due to health complications. Andile also received R$1000$ monthly commissionuntil $31$ December $2023$ and R$135000$ once off bonus from his employer up on retirement. Andile also received R$3000$ quarterly local dividends.

Calculate taxable income fir this employee for the year ended $29$ February $2024.$please briefly explain with reasons where items are not included$/$taxable with applicable sections of the Act.Show all your calculations and round off to the nearesr Rands.