Question 1 Nelson Nilam is a 74 year old resident of the Republic 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 Bonus Interest local Dividends (listed SA company) R 25 000 pm 10% of gross salary R 80 000 pa R 15 000 Foreign Dividends (From a listed company) R 3 000 pa Foreign - Interest R 5 000 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 R 4 600 Income from Tax Free Investments YOU ARE REQUIRED TO: Calculate the taxable income for: Nelson Nilam for the year of assessment ending 28 February 2022.