Case 1 (50 marks) Please refer the case below and answer ALL questions. The Assessment Year would be 2021/22. Notes on computation of Salaries Tax / Personal Assessment are attached. Jackson and Annie, both are aged 31, have been married for 4 years. Jackson is an accountant at a monthly salary of $48,000. Annie is a full-time clerk and earns $21,000 per month. Annie only makes mandatory contributions to her MPF scheme but Jackson, in addition to the mandatory contributions, he also makes voluntary contributions of $2,500 per month to the Qualifying Tax Deductible MPF schemes. They have no children. They recently live in a self-occupied apartment valued at $5,000,000. They still have the mortgage payment amounted to $3,200,000. The current monthly mortgage payment is $19,000 paid by Jackson. The family's other monthly expenses are totaled at $21,000. Apart from the mentioned expenses, Jackson gives his parents (aged 59 and 56) $4,000 allowance monthly while Annie also supports her parents (aged 62 and 58) $4,000 living expenses monthly, both Jackson and Annie's parents are not living with them. Jackson has life insurance protection of $2,000,000 insured amount. The beneficiary of his life insurance is Annie. Jackson's employer provides group disability insurance and family medical insurance but Annie's employer only provides medical insurance. Annie does not have any personal life insurance. Currently, they have no will being drafted. Jackson and Annie currently have $200,000 in their bank saving account. Jackson also has invested in some stocks which are listed on the Growth Enterprise Market (GEM) Board, the current market values of the stocks mostly are lower than the purchased prices