........... .... .3 Mr Stephen Ncube is a resident of Zambia. The following detail relate to his employment in the tax period ended 31 July 2020. Salary Bonus Cost of living allowance Refund from medical aid society Cell phone allowance Cash in lieu of leave Expenses Doctor's consultation fees Contribution to retirement ann uity fu n d Contribution to medical aid Contribution to medical pension fund Additional information provided by the employer 1. The employer provided him with a wellfurnished company house in April, however, according to the Rentals Board, market related rentals for the house was 6 000 ZMW per month. According to the employer the upkeep of the house was 2 000 ZMW per month. Stephen paid 2 SOOZMW per month to his employer. 2. In March the employer provided him with the free use of a car with an engine capacity 3 200 cc. However, the motor vehicle was used 80% for private use during the tax year. 3. The employer provided him with a loan of 100,000 ZMW at 4% interest to complete his house in Avondale during the tax period. The ofcial interest was 6,5 % during the same tax year. 4. According to the employer the cell phone was used 40% for the employer's business during the year. 5. On 31 July 2020 the employer sold him the car he had been using the year for 30.000 ZMW. the market value of the car was 70,000 ZMW. Requirements Calculate Stephen Ncube's tax liability for the year ended 31 December 2020. ZMW 240 000 52 000 16 000 6 000 000 000 18 000 30 000 36 000 39 000