Please type the answer by computer so I can see it clearly, thank you!!! Mr. Wiley is a citizen of the United States. He purchased a home in Wanchai and will begin leasing it on June 1, 2020. The following are the provisions of the leasing agreement: 1) 2) Term of lease: Monthly rental: 3) Rent-free period: 4) 5) Rental deposit: Rates: 6) Management fee: Two years from 1 June 2020 HK$30,000, payable in advance on the first day of each month Two months at the beginning of the lease Nil HK$3,000 per quarter, payable by Mr. Wiley HK$2,500 per month, payable by Mr. Wiley Mr. Wiley incurred mortgage loan interest of HK$22,000 per month in respect of the rented property for the year ended 31 March 2021, which he paid to Bank of China. He also paid a HK$15,000 agency charge for leasing the property and a HK$10,000 legal cost for completing the tenancy agreement. He also had to pay a HK$28,000 decoration fee before the home could be rented. Ms. Chan was unable to pay the rent for March 2021 and on 18 April 2021, Ms. Chan gave Mr. Wiley her second hand car which worth HK$30,000 for the settlement of the rent due on 31 March 2021. Then the two parties agreed to have early termination of the lease on 31 March 2021. Required (a) Calculate the property tax liability of Mr. Wiley for the year of assessment 2020/21. (Ignore provisional property tax). (12 marks) (b) Mr. Wiley is planning to re-let the property to a new tenant, advise how Mr. Wiley can renegotiate the terms of the lease in relation to the management fee to minimize his property tax liability. (4 marks)