QUESTION TWO (a) Money Money has been an employee of A Plc, a Zambian resid ent company, as Marketing Manag er. His annual salary has been K3 30,000 for the last three years. On 30 September 2020 he retired from emp loyment. His other condition s of service were: During the taxyear 2020, the company paid K18,750 in respect of school fees for Mr. Money's children. Mr. Money was reimbursed K25,000 medical expenses he incurred in respect of his sick wife during the tax year 2020. On 2 May 2020, Mr. Money received a lab our day award con sisting of cash K8,000 and a dining table set valued at K16,000. In addition he received a long-term service award amounting to K10,000 cas hon 10 July 2020. On retirement, Mr. Money received the following benefits: During thetax year 2020, he incurred the following expenses: Mr. Money has always contributed NAPSA at 5% of his basic salary. Other income Mr. Money received the following income from his investments: k Dividends from Z Limited 15,300 Royalties 46,750 Bank deposit interest 3,000 Interest on Government bonds 4,250 The amounts of investment income are the actual amounts of cash received. Withholding tax had been deducted at source. Required: Calculate the amount of income tax payable by Mr. Money for the taxyear 2020