Monica Weyulu had the following income for the year of assessment ending 28 February 2020: N$...
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Monica Weyulu had the following income for the year of assessment ending 28 February 2020: N$ Salary 10 000 Director's Fee 2 000 Interest from First National Bank 1 000 Interest from Bank in the US 4 000 Dividends 2 000 Legacy 100 000 Gift 20 000 Profit on sale of house 10 000 Share Premium receipt 5 000 Subsidy on soil erosion 3 000 Annuity from insurance company 1 000 Lump sum from employer 50 000 Profit from business branch in South Africa Sale of shares held as: 10 000 Investment 8 000 Trading Stock 6 000 Required: Calculate the gross income of Monica Weyulu for the year of assessment ending at 28 February 2020. Monica Weyulu had the following income for the year of assessment ending 28 February 2020: N$ Salary 10 000 Director's Fee 2 000 Interest from First National Bank 1 000 Interest from Bank in the US 4 000 Dividends 2 000 Legacy 100 000 Gift 20 000 Profit on sale of house 10 000 Share Premium receipt 5 000 Subsidy on soil erosion 3 000 Annuity from insurance company 1 000 Lump sum from employer 50 000 Profit from business branch in South Africa Sale of shares held as: 10 000 Investment 8 000 Trading Stock 6 000 Required: Calculate the gross income of Monica Weyulu for the year of assessment ending at 28 February 2020.
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