Question $3$

Marai Marais $($aged $40)$ is a resident of South Africa. He is employed as a plant supervisor at

Eugin $($Pty$)$ Ltd $($a South African resident company that manufactures paper$).$ Marai is married

out of community of property and has $2$ children. He has the following receipts and accruals

for the $2023$ year of assessment:

Notes:

While on duty at the manufacturing plant of Eugin $($Pty$)$ Ltd$,$ Marai is required to wear a

uniform that meets specific safety standards. This uniform, a heavy$-$duty, chemical$-$safe

blue overall, features the company name, employee name, and designation.

Marai's son is pursuing an engineering degree $($NQF level $7)$ at the University of Cape

Town. Eugin $($Pty$)$ Ltd provided a bursary for tuition fees. Marai's prior year remuneration

was R$400,000.$

Marai earns local interest from his current and fixed deposit accounts at South African

banks.

Marai receives dividends from his investments in South African companies listed on the

Johannesburg Stock Exchange.

Marai rents out an apartment in Johannesburg, earning R$9,000$ per month. Expenses for

the $2023$ year of assessment include water and rates $(R14,400)$ and repairs for a water

pipe $($R$1,350).$

Marai sold part of his investment share portfolio for R$164,500$ on $1$ January $2023($initially

purchased for $R100,000$ on $1$ May $2017).$

Marai sold his personal Kia Sportage for R $125,000$ on $29$ January $2023.$ The car, primarily

used for private purposes, was originally bought for R$195,000$ on $15$ June $2019\mathrm{.}8.$ Marai$$s primary residence, originally purchased for R$1,800,000$ on $1$ June $2012,$ was sold

for R$2,500,000$ on $20$ February $2023.$ No improvements were made to the property.

Required:

Calculate Marai Marais$$s taxable income for the $2023$ year of assessment. $(27)$