Answer to Question #75654 in Other Management for ibn
Sandy is a professional air hostess who has been recently employed with International Airlines Limited. She receive the following upon the commencement of her position in March 2016.
- Salary R500 000
- Employer paid for all transfers and relocation costs plus
3 months accommodation. R80 000
- Full scholarship for an MBA with UCT. R40 000
- A monthly uniform allowance of R500 for the specialised uniform.
Discuss in terms of the “definition of Gross Income” and any special inclusion if the scenarios above relate to Gross Income. Consider the effects of any exemptions if applicable.