Aggrey, Bobby and Charlie run a partnership business called ABC enterprises. They share profits and losses in the ratio 3:1:1. During the year 2021, the partnership reported a profit of ksh 2,200,000 after including interest on partners’ drawings and expensing partners’ salaries as follows:

Interest on drawings by partners:

§ Aggrey ksh 460,000

§ Bobby ksh 280,000

Partners salaries:

§ Bobby ksh 640,000

§ Charlie ksh 820,000

The partners were each to be paid a commission which had not been charged in the above income as follows:

§ Aggrey ksh 160,000

§ Bobby ksh 200,000

§ Charlie ksh 320,000

Required:

Compute the taxable payable by Charlie for the year 2021.

In Kenya

A. Ksh 83,800

B. Ksh 341,800

C. Ksh 370,600

D.Ksh 41,800