Q.3: Sarah is a Jordanian resident tax payer. She has a pharmacy. For the year 2008 , the financial accounts of her business reveal the following (amounts in JOD): (7 Marks) - Gross sales 722'600, - Sales return 12'900, COGS 586 600 - General and administrative expenses 62'750. This amount includes 3'000 depreciation expense calculated on assets valued 3030000 (in cost), and 2'500 bad debts expense. - Revenue from the rent (in Amman) 16'000. - Property tax paid 2'250 - Donation paid for elderly-people charity (licensed \& acceptable) 2'800 Amani has a family consists 4 children, and she supports her mother. The family lives in a rented house paying JOD 5000/year. Sarah has the legal rights for family exemptions except her husband. Calculate: Tax liability for the year 2008 , assume that assets are being depreciated at 7% (tax code), and acceptable bad debts 1'900 only. Aceeptable property tax is JOD 1'890