QUESTION $1(20$ Marks$)$Tim received a travel allowance from his employer amounting to R $70000$ for the current year ofassessment. He uses his car for business and private travels. He bought this car exactly $1$ year ago for R$392000($including VAT$).$ Tim travelled a total of $15200$ kilometres during the current year of assessment, ofwhich $8975$ kilometres was for private purposes. He also kept an accurate record of expenses incurred inrespect of the car for the current year of assessment. The costs are as follows:Finance charges Maintenance cost Fuel cost R$25785$R $5500$R $7500$Insurance premiums and licences fees R $4250$REQUIRED:Calculate the taxable portion of the travel allowance received by Tim for the $2025$ year of assessment