Additional notes:

a$)$ The company paid for Olefantse's private water and electricity bills amounting to $P15,000.$

b$)$ Olefantse was given a company motor vehicle which cost P$180,000$ for which he paid for her

own fuel.

c$)$ She stayed in a company house which she moved into on $1$ January $2023.$ The house was

rated at $P800,000$ and she paid rentals of $P2,000$ per month.

d$)60\%$ of the entertainment allowance was used to entertain customers.

e$)$ On $1$ July $2021,$ she received a loan amounting to P$200,000$ by the employer at $5\%$ interest.

The prime rate of interest was $12\%.$

REQUIRED:

Compute Olefantse's tax payable or refundable for the tax year ended $30$ June $2022.$

$[20$ Marks$]$