Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Annual subscription k7500 to engineering technology Zambia Donation of blankets worth k960 to kalundu care Donation to chesire home k 7000Required: compute for Mr Jim

Annual subscription k7500 to engineering technology Zambia Donation of blankets worth k960 to kalundu care Donation to chesire home k 7000Required: compute for Mr Jim kumwendo's income tax payable for charge year 2018.

image text in transcribed
INFORMATION Mr Kamwendos other Income for tax year old are as follows. Dividends from Ranaco k 4780 (net) Royalties from Zenco K 2720 (net) Engineering conrutancy fees k Sion ( gross) Debenture interest 1 1275 Busines Profit from mines business ic 20ooo Annuity - The annuity 9 6000 was received of which k 2:500 is refund of Principal deposited. Payments made by Mr. kamwendo In the fax year (2018 NAPSA Contribution 5 % of basic salary PAIR 4 321000 Personal levy K 300 Any- The annuity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting

Authors: Donna Kay

15th Edition

0077826841, 9780077826840

More Books

Students also viewed these Accounting questions

Question

What is t he nervous syst em? (p. 1 9)

Answered: 1 week ago