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Q#7 Answer the following questions. i. Suhar Ltd has 5 debtors who could not pay their debts. Debtor A has given certificate form court. The

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Q#7 Answer the following questions. i. Suhar Ltd has 5 debtors who could not pay their debts. Debtor A has given certificate form court. The debtor with amounts are given below: Debtor A= 1,900, Debtor B= 1400, Debtor C= 1600, Debtor D= 1850 and Debtor E= 1,400, what is deductible amount as per law. (3marks) ii. ABC hyper market having four staff with a monthly salary of 2,500, the taxable income of the is 250,000. Are they allowed to deduct from the income? if not what is the deductible amount? (2marks) Q#7 Answer the following questions. i. Suhar Ltd has 5 debtors who could not pay their debts. Debtor A has given certificate form court. The debtor with amounts are given below: Debtor A= 1,900, Debtor B= 1400, Debtor C= 1600, Debtor D= 1850 and Debtor E= 1,400, what is deductible amount as per law. (3marks) ii. ABC hyper market having four staff with a monthly salary of 2,500, the taxable income of the is 250,000. Are they allowed to deduct from the income? if not what is the deductible amount? (2marks)

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