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Q1.Mr. Ato is a chartered insurer with Khols and Hols insurance brokers. He was employed on 15 March 2017 on a salary scale of GH158,550x

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Q1.Mr. Ato is a chartered insurer with Khols and Hols insurance brokers. He was employed on 15 March 2017 on a salary scale of GH158,550x 5,220 -GH179,430 per annum. Other allowances Mr. Ato is entitled to; Responsibility allowance GH04,550 per annum Professional allowance GH 760 per month He was provided with a salon car up with fuel for both official and personal errands and 3 bed room fully furnished house with which he lives in Trasacco which belongs to the employer. As part of his conditions of service he is entitled to a watchman with salary of GHc570 per month and two maid servants who are paid directly by Mr. Ato's employers at GHc480 a month each. The watchman has been taking care of this property since 2015 but the maid servants were brought by Ato when he moved in. He is married with 3 children one of which is currently studying in the United States of America. His two other children are in Ghana, one of them is currently in his final year in UPSA while the last one is at Achimota basic school. His wife is gainfully employed at the Gimpa law school as administrator. His aged parents are currently living in Swedru but pay him a visit on a quarterly basis. Ato has two siblings who are currently out of their jobs due to the recent banking crisis in Ghana. His remittance to his parents therefore supports them in their upkeep. lovu Mr. Ato is He contributes to the social security as required by law. 25199 Required. 203912 Compute Mr. Ato's chargeable income for the 2020 year of assessment and his tax liability thereof. uithout taxation in its 2021 fiscal year

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