C e chegg.com/homework-help/questions and answers/2-me-derrick-asumadu-danso-employment knust il-acf-limited since Chegg Study Textbook Solutions Expert Q&A Practice Question: 2. Mr Derrick Asumadu Danso has been in employment at KNU... 2. Mr Derrick Asumadu Danso has been in employment at KNUST IDL ACF Limited since 1st April 2014 as Financial Controller on a salary scale of GHC 12000 x GHC 6,000.00 - GHC 60.000. His service conditions include the following: i) Provision of a well-furnished bungalow in respect of which he pays GHCIO0 Der month as rent by way of deduction at source. a) Provision of a Land Cruiser Prado Vehicle with driver and fuel for both official and private purposes a Special retirement package by way of a provident fund of which he contributes 7 of his basic salary, while the company tops it up with 85% Social Security National Insurance Trust contribution of 79 His Returns submitted to Ghana Revenue Authority (GRA ON 16th March, 2018 in respect of 2017 Year of Assessment show the following unconsolidated allowances and benefits) Responsibility allowance of GHCB00 per month for which the company Days him cash ) Utilities allowance per annum GHO2.400 ) Risk allowance of 15% on basic salary and car maintenance allowance of GHCL 200 for the year. Vi Leave a lowance of GHCI 500 per annum, Watchman and a garden boy on salary of GHC300 and GHC350 per month respectively. x) Medical allowance per year GHCZ 400 x Meals allowance of GHC550 per month xa) Two house helps on GHC380 wages per month The amount is paid to Mr. Danso in cash directly by the company. Bonus of 40 of annual bas ary Monthly Overtime allowance of GHC140 X Unaccountable Entertainment alowance of GHCE00 a year. Additional Information On 1st January 2017 he was given a car loan of GHC 10.000 to Durchase car for his wife at a simple interest rate of 15.096 per annum. The institution give r facility any other customer at the rate of 28 but the statutory rate Bank of Ghana Rates 25.04 The loan is to be paid within the period of 24 months xvid He is married with five (5) children three 3 of whom are in Sh5, the rest are working. He is also responsible for the upkeep of four 4) aged relatives of his. He is Currently pursuing a Master of Soence degree in Accounting at KNUST where he incurred GMC 13 000 by way of educational expenses in 2017 He withdrew GHC 10.500 from his provident fund to buy a house numan in 2017 His December, 2017 salary was paid on 2nd January 2018. However allowances which are unconsolidated were paid in full during 2017 except those tied to the basic salary Recureda Calcat his chargeable income for the 2017 Year of Assessment i Compute his taxaby for 2017 of Assement Type here to search o Reda 119 C e chegg.com/homework-help/questions and answers/2-me-derrick-asumadu-danso-employment knust il-acf-limited since Chegg Study Textbook Solutions Expert Q&A Practice Question: 2. Mr Derrick Asumadu Danso has been in employment at KNU... 2. Mr Derrick Asumadu Danso has been in employment at KNUST IDL ACF Limited since 1st April 2014 as Financial Controller on a salary scale of GHC 12000 x GHC 6,000.00 - GHC 60.000. His service conditions include the following: i) Provision of a well-furnished bungalow in respect of which he pays GHCIO0 Der month as rent by way of deduction at source. a) Provision of a Land Cruiser Prado Vehicle with driver and fuel for both official and private purposes a Special retirement package by way of a provident fund of which he contributes 7 of his basic salary, while the company tops it up with 85% Social Security National Insurance Trust contribution of 79 His Returns submitted to Ghana Revenue Authority (GRA ON 16th March, 2018 in respect of 2017 Year of Assessment show the following unconsolidated allowances and benefits) Responsibility allowance of GHCB00 per month for which the company Days him cash ) Utilities allowance per annum GHO2.400 ) Risk allowance of 15% on basic salary and car maintenance allowance of GHCL 200 for the year. Vi Leave a lowance of GHCI 500 per annum, Watchman and a garden boy on salary of GHC300 and GHC350 per month respectively. x) Medical allowance per year GHCZ 400 x Meals allowance of GHC550 per month xa) Two house helps on GHC380 wages per month The amount is paid to Mr. Danso in cash directly by the company. Bonus of 40 of annual bas ary Monthly Overtime allowance of GHC140 X Unaccountable Entertainment alowance of GHCE00 a year. Additional Information On 1st January 2017 he was given a car loan of GHC 10.000 to Durchase car for his wife at a simple interest rate of 15.096 per annum. The institution give r facility any other customer at the rate of 28 but the statutory rate Bank of Ghana Rates 25.04 The loan is to be paid within the period of 24 months xvid He is married with five (5) children three 3 of whom are in Sh5, the rest are working. He is also responsible for the upkeep of four 4) aged relatives of his. He is Currently pursuing a Master of Soence degree in Accounting at KNUST where he incurred GMC 13 000 by way of educational expenses in 2017 He withdrew GHC 10.500 from his provident fund to buy a house numan in 2017 His December, 2017 salary was paid on 2nd January 2018. However allowances which are unconsolidated were paid in full during 2017 except those tied to the basic salary Recureda Calcat his chargeable income for the 2017 Year of Assessment i Compute his taxaby for 2017 of Assement Type here to search o Reda 119