Gill Downer is the manager of PSS Insurance Ltd. Her remuneration package consists of basic salary of $550,000 per month, uniform and laundry allowance of $240,000 per annum and lunch subsidy of $30,000 per month. PSS Ltd. provides her with a cellular phone which she uses for both personal and business purposes. The average monthly charge for the cell phone was $5,000 and it is estimated that she uses it 75% of the time for business purposes. The company paid for all the charges on the phone. Rent of $75,000 per month is paid to Gill for the house in which she lives and owns. On June 1, 2020 Gill received a loan of $6.5 million from PSS Ltd. to purchase a lot of land on which she intends to build a home for herself. The interest rate on the loan is 3.5% and the applicable prescribed rate is 9%. PSS Ltd. provides her with a van to assist her in the performance of her duties. The van was bought in 2016 at a cost of $3,750,000 and is mainly used for company business. The company provided her with a credit card in May to purchase groceries for her home. The cost of these groceries was $32,500 and service charges of $2,700. Gill paid the company for the cost of the groceries but did not pay for the service charges for the card. An entertainment allowance of $40,000 per month is also part of the package. Gill contributes 10% of her basic salary towards an approved pension scheme. PSS Ltd. operates an ESOP scheme; $24,000 is deducted monthly from Gill's salary towards the purchase of shares in the scheme. Required: (a) Compute Gill's taxable income and income tax liability for the year of assessment 2022. Write relevant notes and state any assumptions made. (b) Calculate all other applicable statutory deductions