jamaican taxation help please

13, 18, & 19

13. Harold Dunn and his wife Evadne operate a successful snack packaging business, Healthy Snacks, in St. Mary. The bulk buying of the raw materials (nuts, dried fruits, etc), the packaging and delivery to corporate area shops are done by the members of the family. The accounts for Mr. Dunn's business at 31st December 2014 showed a profit of $4,500,000 after charging: - $180,000 depreciation of equipment and office furniture; - $750,000 for salary to his wife Evadne who supervises the office, $496,000 to his 18 year old son Shane, and $1,720,000 to himself. 225 CHAPTER 8 - $78,000 interest on a loan he had obtained to expand his business 3 years ago (a) Prepare a statement, with notes where applicable, of the Healthy Snacks business showing the taxable profits and income tax liability for the year of assessment 2014 for Harold Dunn (b) Shane is a part-time student at the University of the West Indies, What is his tax liability, if any? Compute Mary's taxable income for year of assessment 2014. 19. Michael Campbelt, age 66 , is an instrument technologint in the bauxite industry. Michael provides you with the following information to compute his income tax liability for year of assessment 2013. The profit and loss account relating to the business as at December 31, 2013 is as follows: 228 Trade, Husines, Prodeswion 4 Vacation Cantinued Net Profit 6,490,000 Notes - The legal fees relate to the new building purchased during the year. - Included in general expenses are utility bills amounting to $75,000 paid by the business for Michacl's house. - Other income relates to gross interest on a fixed deposit received as follows: Gross interest for the period January to June received July 31, 2013 amounted to $60,000, tax deducted at source was $15,000. Gross interest for the period July to December received February 28, 2014 amounted to $60,000, tax deducted at source was $15,000. Prepare a schedule of Michael's tax liability for year of assessment 2013 with notes where appropriate