John recently purchased a voluntary annuity that will pay him an annual income of R80 000 for the next 20 years.Indicate the correct statement with regards to taxation purposes of John's annuity: Question 22Answer a. The annuity will be included in John's gross income with the capital portion of the annuity allowed as an exemption under Section 10E of the Income Tax Act. b. The annuity will be included in John's gross income with the capital portion of the annuity allowed as an exemption under Section 10A of the Income Tax Act. c. The annuity will be included in John's gross income, with no allowable exemptions. d. The annuity will not be included in John's gross income, as it is capital in nature