One [25 Marks] Musa and Donica formed a partnership as Tax Consultants. Given below are the partnership accounts for the year ended 30 June 2016: Income Legal Fees Expenses: P 3,000,000 Impairment Add Drawings (partners) Rent & Rates 455 Salaries Add with Musa's Salary 540,000 600,000 58,000 0.00 700,000 280,000 28,000 398,000 2,604,000 396,000 Interest on Donica's Capital Account Other Allowable expenses Net Profit Additional Information in the ratio of 40% to 60% respectively. Additional Information 1. Musa and Donica share profits in the ratio of 40% to 60% respectively. 2. Capital Allowances for the year amount to P145,000. less 3. Musa received dividends amounting to P120, 000 from Botswana stock Exchange listed companies 4. Donica received Interest income of P36, 000 from ZNB Commercial bank. * 5. Musa paid P47, 000 to an approved pension plan. 6. Donica paid P50, 000 to an unapproved foreign pension fund. Required (i) Calculate the partnership's chargeable income for the year ended 30 June 2016 (ii) Calculate the tax payable by Musa and Donica for the year ended 30 June 2016 (12 marks) (13 marks) (25 Marks) 4923401Km