(2)Throughout the tax year 2015-16, Echo Ltd provided Joe with living accommodation. The compa annual value of the property is 4,600. The property was furnished by Echo Ltd during March 2015 at Required: Calculate Joe's employment income for the tax year 2015-16. (20 marks) 2. Chi commenced self-employment on 6 April 2015, and for the year ended 5 April 2016 her trading pro Note Revenue (Note 1) 72,500 Expenses Motor expenses 2 4,400 Other expenses (Note 2) 3 8,200 Capital allowances 6,900 (19,500) Trading profit 53,000 Note 1 - Revenue The revenue figure of 72,500 includes receivables of 1,600 which were owed as at 5 April 2016. Note 2 - Other expenses The other expenses figure of 8,200 includes payables of 900 which were owed as at 5 April 2016, Required: 1.Based on the trading profit of 53,000 for the year ended 5 April 2016, what is Chi's income tax liab 2.If Chi uses the cash basis, what is the amount of revenue which is chargeable (note 1) and the other ex A.Revenue 72,500, other expenses 8,200 B.Revenue 70,900, other expenses 8,200 C.Revenue 72,500, other expenses 7,300 D. Revenue 70,900, other expenses 7,300