Stay Well Pty Ltd is in the business of letting out properties in around Gaborone. The following are the details of its operation for the year ended 30 June 2022.

Gross Rentals 800 000

Expenses:

Repairs and maintenance 32 000

Bank charges 18 000

Rates 12 000

Garbage collection charges 8 000

Electricity & water charges 4 500

School fees Directors children 12 000

Drawings 8 000

You are requested to compute:

(a). The chargeable income for the year. (10 marks)

(b). The tax liability (3 marks)

(c). The installment amounts payable under Self Assessment Tax. (7 marks