(ii) Mr. and Mrs. Ho elect joint assessments (11 marks) Assessment Year: 2020/21 Age: Mr. Ho: 44; Mrs. Ho: 40 Occupation: Mr. Ho: Certified Accountant & Mrs. Ho: Part-time Secretary Marital status: Married Child: Aged 10 Mr. Ho's Parents: Aged 78 and 74 (both parents live with the taxpayer) Monthly salary: Mr. Ho: $72,000 & Mrs. Ho: $12,000 Donation: $50,000 cash MPF contributions: 5% mandatory Qualifying Annuity: Mr. Ho: $3,000 per month Home property Current value at $8,500,000, purchased 5 years ago. Mortgage repayments: $17,325.00 per month Mortgage interest: $100,378 paid during the assessment year. (ii) Mr. and Mrs. Ho elect joint assessments (11 marks) Assessment Year: 2020/21 Age: Mr. Ho: 44; Mrs. Ho: 40 Occupation: Mr. Ho: Certified Accountant & Mrs. Ho: Part-time Secretary Marital status: Married Child: Aged 10 Mr. Ho's Parents: Aged 78 and 74 (both parents live with the taxpayer) Monthly salary: Mr. Ho: $72,000 & Mrs. Ho: $12,000 Donation: $50,000 cash MPF contributions: 5% mandatory Qualifying Annuity: Mr. Ho: $3,000 per month Home property Current value at $8,500,000, purchased 5 years ago. Mortgage repayments: $17,325.00 per month Mortgage interest: $100,378 paid during the assessment year