QUESTION ONE

Mrs Judy, a South African resident who is $72$ years old has the following investment income:

South African dividends $($exempt in terms of $s10(1)(k))$

South African interest

R$40000$

Foreign dividends $($exempt in terms of s $10(1)($k$)($ii$))$

Foreign dividends $($not specifically exempted$)$

Foreign interest

REQUIRED:

$1\mathrm{.}1.$ Calculate Mrs Judy's gross and exempt income for the $2020$ year of assessment.

$1\mathrm{.}2.$ List examples of Lump$-$sum benefits paid under paragraph $($d$)$ of special inclusions.

$1\mathrm{.}3.$ State the exemption applicable to uniform allowance.