QUESTION Eugenia Ashong-Nartey was employed by Atlantic Bank Limited on a basic salary of GHE 156,500.00 per annum as the Chief Finance Officer of the Bank She is provided with the following as part of her conditions of service for 2019 Year of Assessment. She contributes GHS 2,350 per month of her basic salary towards the company's Provident Fund which has been approved by the National Pensions Regulatory Authority ii Watchman allowance of GH4600 per month, paid directly to Eugenia. ini Clothing allowance of GH44.600 per annum iv. Garden boy allowance of GH900 per quarter paid directly to Eugenia. V. Lunch allowance of GHe 450 per month vi. One maidservant on wages of GH43,600 per annum. The amount is paid to the maid servant directly by the company vii. Bonus of 30% on her annual basic salary vili Eugenia lives in her own four-bedroom house at Frafraha which she purchased with a mortgage from GHL Bank Plc in 2016. This mortgage is her first ever. Total mortgage repayment for the year amounted to GHS 62,310 out of which interest was GHS 37,153 The company has provided her with a Toyota Prado, a driver and fuel for both official and private use. She was granted a loan of GHS 74,000 by Haka Haulage at an interest rate of % per annum for a three-year period, xi. She is married with four children; one is in SHS in Cape Coast; one in JHS in Accra, and two are gainfully employed; she caters for 3 of her aged relatives, Note: The Bank of Ghana policy rate is assumed to be 14.5% Use personal reliefs applicable to the 2020 year of assessment Required: Compute Eugenia Ashong-Nartey's chargeable income for 2019 Year of Assessment. I'Total: 12 Marks ix QUESTION Eugenia Ashong-Nartey was employed by Atlantic Bank Limited on a basic salary of GHE 156,500.00 per annum as the Chief Finance Officer of the Bank She is provided with the following as part of her conditions of service for 2019 Year of Assessment. She contributes GHS 2,350 per month of her basic salary towards the company's Provident Fund which has been approved by the National Pensions Regulatory Authority ii Watchman allowance of GH4600 per month, paid directly to Eugenia. ini Clothing allowance of GH44.600 per annum iv. Garden boy allowance of GH900 per quarter paid directly to Eugenia. V. Lunch allowance of GHe 450 per month vi. One maidservant on wages of GH43,600 per annum. The amount is paid to the maid servant directly by the company vii. Bonus of 30% on her annual basic salary vili Eugenia lives in her own four-bedroom house at Frafraha which she purchased with a mortgage from GHL Bank Plc in 2016. This mortgage is her first ever. Total mortgage repayment for the year amounted to GHS 62,310 out of which interest was GHS 37,153 The company has provided her with a Toyota Prado, a driver and fuel for both official and private use. She was granted a loan of GHS 74,000 by Haka Haulage at an interest rate of % per annum for a three-year period, xi. She is married with four children; one is in SHS in Cape Coast; one in JHS in Accra, and two are gainfully employed; she caters for 3 of her aged relatives, Note: The Bank of Ghana policy rate is assumed to be 14.5% Use personal reliefs applicable to the 2020 year of assessment Required: Compute Eugenia Ashong-Nartey's chargeable income for 2019 Year of Assessment. I'Total: 12 Marks ix