Letitia is a 42-year-old South African resident. During the 2023 year of assessment, her employer awarded a bona fide bursary to the value of R20 000 for her 12-year-old son to continue his studies at Bishops Primary, a recognised educational institution. Letitia's remuneration proxy' is R601 000 for the 2023 year of assessment. Letitia believes that the bursary of R20 000 is exempt from normal tax and that she does not have to pay any tax on the bursary. REQUIRED: Advise Letitia, with reference to the Income Tax Act, whether she is correct in stating that she will not be liable to pay tax on the R20 000 bona fide bursary. amon LANG LEKKE TATA (12 marks)