Question: 1 . Ramsai, a Lecturer based at ABC University earned the following income in addition to basic salary of P 1 2 0 , 0
Ramsai, a Lecturer based at ABC University earned the following income in addition to basic salary of P during the year ended June
i He received school fees allowance for his kids amounting to P from his employer.
ii He sold his household furniture for P
iii In March of the current year of assessment, he went for a contact leave at the University of London from where he earned P
iv He won a prize money of P in a Myzaka Mascom Competition.
v He received a bonus of P from his employer
Required
a Calculate Ramsais taxable income for the year ended June marks
b Calculate the tax liability of Ramsai for the same year. marks
c State the date of submission of Ramsais annual tax return. marks
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