Question: Adele is 2 2 years old. She received the following interest income during the current year of assessment: Interest received from South African bank of

Adele is 22 years old. She received the following interest income during the current year of assessment:
Interest received from South African bank of R13000
Interest received from a South African tax-free savings account of R12100
Interest received from a foreign bank account of R18800
YOU ARE REQUIRED to determine the total amount which will be exempt when determining Adeles taxable income for the current year of assessment.
Select one:
a.
R43900
b.
R12100
c.
R25100
d.
R23800

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