The following information relates to Rosie Sithole (30 years old, unmarried with no dependents) for the 2021 year of assessment.

Salary 800 000

Bonus 70 000

Interest (SA) 13 800

Dividends (SA) 150 000

Dividends (Foreign) 7 500

Medical fund contributions: made by Rosie 46 000

made by employer 46 000

Retirement Annuity contributions made by Rosie 48 000

Pension fund contributions 7% of salary

Returns on TFSA (Tax-free savings account) 3 000

Medical expenses not covered by fund 15 000

During the year of assessment, Rosie received a return of R3000 on her tax-free savings account.

Indicate the correct answer and motivation:

	A.	R1500, 50% of the returns on a tax-free investment qualifies for an exemption from income tax.
	B.	R0, returns on tax-free investments are not exempt from income tax.
	C.	R36 000, the Income Act states that an exemption of R36 000 may be allowed during the year of assessment.
	D.	Rosie is entitled to a R3000 exemption. Returns on a tax-free investment are exempt from income tax.