Question 2 The following information relates to Balahu who was formerly resident in Texas but has now permanently settled in Ghana Income received in Ghana (2018) Gross salary Management Fee (Net) Dividend (Gross) '000 200,000 50,500 48,000 Income from Texas (2018) Gress Tax Paid Amount Remitted Investments 100,000 24,000 N Dividend (net) 14,000 1,400 12,600 Mr Balahu is married with 3 children, one of whom attends My Soul is Good Nursery School. He contributes to the social security fund. He also contributes 5% of his gross salary towards the company's provident fund Complete the Net tax payable to the year 2018, on the basis that the following tax rate is applicable. No Chargeable Income Rates of Tax 1. First GHC1,584 Nil 2. Next and GHC792 5 percent 3. Next GHc1,104 10 percent 4. Next GHC28,200 17.5 percent 5. Exceeding GHC31,680 25 percent