Which of the following correctly represents the pro forma classification of income in a basic income tax computation?

Question

Accepted Answer

Trading, employment, pension and property income are non-savings income; interest is savings income; dividends are dividend income.

Answer

All income is classified as non-savings income before calculating taxable income.

Answer

Trading income and employment income are savings income.

Answer

Bank interest is non-savings income and dividends are savings income.

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