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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

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 income of each partner for the year 2021.

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