solved: Oscar is 48 years old. He is married to Oliver. Oliver is 38 years…

  

Oscar is 48 years old. He is married to Oliver. Oliver is 38 years…Oscar is 48 years old. He is married to Oliver. Oliver is 38 years old. During the current year of assessment Oscar earned the following income: interest from a tax-free investment of R40 000 and foreign interest of R40 000. Oliver did not have any income during the current year of assessment. Oscar and Oliver are married out of community of property. YOU ARE REQUIRED to determine Oscar’s taxable income for the current year of assessment.a.R20 000  b.R80 000  c.R40 000  d.R0    LawSocial ScienceTax law TAX 1501