$($a$)$ Teka Plc$.$ is a Zambian registered company on the Lusaka stock exchange$($LUSE$).$The company was registered on the LUSE on $1$st January$2016.$ The Company's profits for the year ended $31$ December $2022$ wasK$2,400,700.$ The profit figure was calculated after incurring the following costs:$1\mathrm{.}2.$Insurance costs in the duty of employee's performance K$2,470,000$The Information Systems Director emoluments of K$320,500,000$ and the Director operations were paid in the year$\mathrm{.}3.$ Expenditure relation of car expenses and other retakes amounted to K$35,200$Other: Incomes $($net$)$K$80,000,000$Royalties $($net$)$K$90,000,000$Debenture interest $($net $)000,000$In addition the company incurred the following costs:$4$Both directors were freely accommodated in the company houses. If the houses were let, rent costs could have been K$19,000,000$The company's Chief Executive Officer $($CEO$)$ was given a personal to holder car which he used both for private and business use, It a Ford Ranger with a cylinder capacity of $3,270$ cc $.$ Private mileage relating to the year ended $31$ December was $80\%$ of total mileage coveredThe Operations Director was provided with a Toyota Mark with a cylinder capacity of $2,100$ cc$.$ The private mileage on his car amounted to $72\%$ of total mileage covered$\mathrm{.}0005.$ The cost of maintaining the vehicle was K$15,280,$ which was included in the company's operating costs. Out of this figure, K$6,200,000$ and K$3,800,000$ relate to Toyota Mark Z and Ford Ranger.During the year the company employed a visually impaired person as telephone exchange operator. He has been working for the company for the past two years.The company had the following assets:Plant and machinery costing $($cost K$20,000,000)$ K$15,000,000$

Computers

$($cost $K40,000,000K30,000,000$

REQUIRED:

$($a$)$ Adjusted company profits for the tax year $2022.$

$(17$ marks$)$

$($b$)$ Calculate the Income tax payable by Teka Plc$.$ for the tax year $2022.$

$(8$ marks$)$

$[$Total: $25$ marks$]$