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2. John purchased a house on 1 August 2022 and immediately gave it for rent of E18000 per annum. John paid and incurred the following

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2. John purchased a house on 1 August 2022 and immediately gave it for rent of E18000 per annum. John paid and incurred the following expenses regarding this a) Calculate the property business income for 2022/23 b) Give special note for the expenses not deductible while calculating the rental income. c) Assume that John has other incomes: 1.5.-Emplayment Income {20,000 (PAYE deducted =1,000) 5 Interest from Bank 5,000 and Dividend income of 30,000. Calculate the taxable income and tax liability and tax payable Ans: Rental Income of House

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