2: Fancy Limited operates in the retail industry in Jamaica. The following information is available at January 2022 for its income and expense relating to its taxable activities. Sales at standard rates 8,000,000 Exempt sales 1,000,000 Sales to TWE's at 15% 500,000 Expenditure: Telephone calls Local purchases at standard rates Other local expenses at standard rate $20,000 $3,000,000 $70,000 $50,000 GCT paid on imports that qualify for credit The Cleaner is paid weekly wages of $10,000 by Fancy Limited Tax credit brought forward from previous period was 22,0000 Compute GCT payable/creditable for Fancy Limited and complete appropriate GCT return