Answer to Question #75654 in Management for ibn

Question

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.
Required:
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.