Question 1 - Chargeable income (25 marks; 5 marks each) Based on what you have learnt from the classes and the relevant textbook references, discuss (with reasons) the following fringe benefits, whether or not are taxable in the context of Hong Kong Salaries Tax. They are all independent cases. a. School fees in respect of Mr. A's son were paid direct to the school by his employer. b. A nursery school provided by an employer for the children of all its employees. C. Miss B was an employee of Kowloon Bank Co. Ltd. She had undertaken a mortgage loan with her employer at an annual interest rate of 1%; while the prevailing market rate was 2.5% per annum. d. ABC Co. Ltd. acquired a corporate membership of a yacht club. Mrs C being an executive of ABC Co. Ltd., was entitled to enjoy the corporate membership benefits. e. XYZ Co. Ltd. made a payment to a golf club for an individual membership of Mr. D, who was the CFO of the company. All the club expenses incurred by Mr. D were fully borne by the company