QUESTION $1$ Which statement below is incorrect?Severance benefit payments on retrenchment will be taxed like a lump sum retirement benefit.Severance benefit payments will be taxed at the taxpayer's marginal tax rate, because it will be included in the gross income of the taxpayer.Leave payments, overtime and bonusses are excluded from the definition of a severance benefit.Restraint of trade payments will be included in the taxpayer's gross income.None of the options is correct.All of the options are correct.