As a tax expert Sara asks you to help her in calculating her tax. Sara has a gross income of 4,000,000 Egyptian pounds and taxable income of 3,000,000 Egyptian pounds. She properly excluded 1,000,0000 Egyptian pounds of her tax-exempt income. In addition, the sums that are deducted from Sara on account during the year amounted to 100,000 Egyptian pounds. She also paid 50,000 Egyptian pounds as a building tax. Required: a) Calculate Sara's tax payable under the new tax law b) How much tax will Sara pay at the end of the year? As a tax expert Sara asks you to help her in calculating her tax. Sara has a gross income of 4,000,000 Egyptian pounds and taxable income of 3,000,000 Egyptian pounds. She properly excluded 1,000,0000 Egyptian pounds of her tax-exempt income. In addition, the sums that are deducted from Sara on account during the year amounted to 100,000 Egyptian pounds. She also paid 50,000 Egyptian pounds as a building tax. Required: a) Calculate Sara's tax payable under the new tax law b) How much tax will Sara pay at the end of the year