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Mr. Harrison receives a salary of $25000 during the taxable year. Wanting in continue his education, he applies to Excellent University which provides him a

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Mr. Harrison receives a salary of $25000 during the taxable year. Wanting in continue his education, he applies to Excellent University which provides him a Scholarship to meet the following (a) Books $700 (b) Tuition Fees $2200 (c) Boarding 4,000. During the year he has also paid interest of $2900 on an educational loan he took. Determine the amount of deductions and the amount to be considered for the purpose of Taxation. (5 Marks) Mr. Harrison receives a salary of $25000 during the taxable year. Wanting in continue his education, he applies to Excellent University which provides him a Scholarship to meet the following (a) Books $700 (b) Tuition Fees $2200 (c) Boarding 4,000. During the year he has also paid interest of $2900 on an educational loan he took. Determine the amount of deductions and the amount to be considered for the purpose of Taxation

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