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Triple Triples Advisory has the following employees during the year of assessment ended 28 February 2021. Dianiel Daniel, 76 years of age, is a
Triple Triples Advisory has the following employees during the year of assessment ended 28 February 2021. Dianiel Daniel, 76 years of age, is a Senior Manager at Triple Triples Advisory, a small-medium sized manufacturing company in the center of Cape Town. He earns a monthly salary of R32 500. Daniel also received monthly interest R1 250 from his investment and R70 000 gross dividends from a foreign company. Daniel also received R1 000 monthly commission and R13 500 annual bonus from his employer. Daniel also received R3 000 quarterly local dividends. Sisanda Sisanda, 35 years of age, is a working as Junior Accountant within a small accounting and taxation department. She earns a cash salary of R26 000 per month, Sisanda also received a lump sum payment of R310 000 from her pension fund. Sisanda received monthly local interest of R2 000 interest from her investment and local dividends of R13 000. She earned a bonus of R17 000 and a monthly commission of R1 000. Sisanda won R55 000 from SA lottery betting. Asanda Asanda, 56 years of age, is working as an Admin clerk at BP Rangers. She earns a monthly salary of R10 000 per annum and an annual bonus of R10 000. Asanda also received a lump sum of R110 000 from her pension fund. Asanda has earned an annual commission of R8 000, local dividends of R19 000 and monthly local interest of R2 000. Asanda won R15 000 in a local modeling competition. Required: 1. Calculate taxable income for all the three employees for the year ended 28 February 2021. Round all figures to the nearest Rand
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