BIG TIGER Insurance ltd presented the following information relating to its life insurance business for the year $2023$:

Ksh $000$

Premiums received

$7,610,000$

Premiums returned to policyholders

$847,000$

Premiums received on re$-$insurance contracts

$656,000$

Actuarial surplus transferred to shareholders

$540,000$

Premiums receivable; b$/$d

$112,000$

Premiums receivable; c$/$d

$133,000$

Bonus utilized in reduction of premiums

$64,000$

Management expenses

$1,674,000$

Premiums transferred on re$-$insurance

$107,000$

Required:

Calculate the taxable income from the life business of the insurance company.

Question $9$Answer

A$.$

Ksh $740,083,750$

B$.$

Ksh $939,960,000$

C$.$

Ksh $708,828,750$

D$.$

Ksh $937,960,000$