3. Tim James was employed by Sunshine Limited in January 2012 as a sales representative at a modest basic salary plus commission on sales. The company gave Tim a credit card which enabled him to obtain goods, services and money from several hotels, shops, travel agencies and banks in Jamaica and the Caribbean region. Tim is required to render an account monthly and to reimburse the company for all meals and drinks and personal items acquired through the use of the credit card. (i) Explain the conditions and the income tax implications of the above arrangements to (a) Tim and (b) Sunshine Ltd. (ii) By the end of June 2014 the amount owed by Tim to the company exceeded salary and commissions earned by Tim over the period, but Tim could not be located. Discuss whether Sunshine Ltd. can write off the amount owing by Tim against its profits for the year of assessment 2014