Question 1 received the following income for the year of assessment: P.W Sheppard retired from RM (Pty) Ltd as he has reached the age of 65 years. Upon his retirement hele ) . A Rolex watch, which the company had paid R 5 700 for, this was awarded in appreciation of the long service he had given to the company. A cash salary of R 21 000 per month up until his retirement. Dividends of R 15 000 was received from a company based in Germany which was listed on a stock exchange. Mr Sheppard owns a rent producing property which produces rent of R 1950 per month, in addition to this he has incurred maintenance expenses of R 14 000 during the year of assessment. Dividends of R75 000 which was received from a South African company for the year. He received interest of R 15 000 from a local bank, this was from a fixed deposit he held at the bank. . P.W Sheppard had the following expenses during the year of assessment: . His contribution to his pension fund is 8 % of his salary. Required: Calculate the tax payable for P.W Sheppard for the 2020 year of assessment. . Question 2 (20 Marks) Castle black is an employee for Breweries Imitated, he had received a travel allowance from his employer amounting to R86 000 for the current year of assessment. His car is used for business travel and private travel. Question 1 received the following income for the year of assessment: P.W Sheppard retired from RM (Pty) Ltd as he has reached the age of 65 years. Upon his retirement hele ) . A Rolex watch, which the company had paid R 5 700 for, this was awarded in appreciation of the long service he had given to the company. A cash salary of R 21 000 per month up until his retirement. Dividends of R 15 000 was received from a company based in Germany which was listed on a stock exchange. Mr Sheppard owns a rent producing property which produces rent of R 1950 per month, in addition to this he has incurred maintenance expenses of R 14 000 during the year of assessment. Dividends of R75 000 which was received from a South African company for the year. He received interest of R 15 000 from a local bank, this was from a fixed deposit he held at the bank. . P.W Sheppard had the following expenses during the year of assessment: . His contribution to his pension fund is 8 % of his salary. Required: Calculate the tax payable for P.W Sheppard for the 2020 year of assessment. . Question 2 (20 Marks) Castle black is an employee for Breweries Imitated, he had received a travel allowance from his employer amounting to R86 000 for the current year of assessment. His car is used for business travel and private travel