KaDzie ventures has been in business trading dealing in a product called ''Blewuuu'' for several in Alakple township in the Volta Region. He presented the following statements for the year ended 31st December,2017

GHS'000 GHS'000

Sales 5,400,000

Cost of sales 2,000,000

...................

Gross profit 3,400,000

Add Discount Received 40,000

...................

3,440,000

Less:

Management Salaries 540,000

Repairs 480,000

Entertainment 120,000

Donation 100,000

Legal fess 115,000

Unrealistic Exchange Loss 240,000

Bad debt 240,000

Loss on sales of equipment 60,000

Depreciation 470,000

Medical expenses 640,000

Sundry Expenses 720,000

Advertising 150,000

Rent 800,000

Interest on loans 180,000 4,850,700

..................

1,417000

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KaDZIE provided you with the following additional information:

1. Assume Capital Allowance of GHS1,340,000

2. GHS640,000 of the sundry expenses was used to rehabilitate the private resident of his father

3. Bad Debts:- Special - GHS20,000,000

- General - GHS100,000000

- Bad Debts Written off GHS122,000,000

4. Interest on loan is in connection with uncollectible staff loan written-off. The staffs concerned are no longer in the employment of the firm.

5. Medical Expenses: An amount of GHS180,000,000 was spent on the dependents of members of staffs. The rest represent the medical bills of Kadzie's grandmother.

6. The amount slated for entertainment is the cost incurred for quarterly get together breakfast meeting with vendors, staff customers and potential customer of the firm.

7. Management Salaries: The composition is as follows:

KaDzie GHS420,000

Staff GHS20,000,000

8. Repairs: This is made up as follows:

Electronic Security Doors GHS100,000,000

Extension to the Warehouse GHS250,000,000

Periodic Repairs and maintenance GHS130,000,000

9. It has been established the rent cost of the business is only 80% of the amount recorded in the business books. The rest was a cover up for an under-hand dealing with the police.

Required:

Calculate the amount to be subjected to tax for 2017 year of assessment of KaDzie.