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Talisa Abara is a citizen of South Africa ( SA ) and was employed by Bright Insurance Ltd . as a senior financial advisor in
Talisa Abara is a citizen of South Africa SA and was employed by Bright Insurance Ltd as a senior financial advisor in the year In January she was posted to work and to be paid by the companys branch in Kenya on a fiveyear contract. She earned the following incomes from her employment and other sources for the year of income : Basic salary of Sh per month net of pay as you earn PAYE of Sh per month. The employer paid for her passage of Sh during the year. She used of the amount to visit local tourist sites. In March she bought shares of the company at a price of Sh per share although the market price was Sh per share. At the end of the year she received a dividend of Sh She was provided with accommodation by the employer. The employer leased the house at a monthly rental charge of Sh The house was fully furnished at a cost of Sh She had a house servant whom the employer pays a salary of Sh per month. In the month of October she worked in the companys headquarters in South Africa where she was tasked with a responsibility of training employees in a newly installed finance software. She received her salary for the month from the Kenya branch. She was provided with a leased vehicle of cc by the employer. The vehicle was leased from Betalite Motors at a monthly charge of Sh Betalite Motors had bought the vehicle in January for Sh but the value of the vehicle in January was Sh The employer paid for her life insurance cover amounting to Sh during the year. During the year, she fell sick and was admitted at a local private hospital. She paid a bill of Sh which was reimbursed by the employer. The company has a policy that covers all senior managers and it provides for a maximum reimbursement of Sh in a year. Due to the nature of her work, the employer entered into an agreement with Laserbite hotel to be delivering her meals to the office from April The cost of the meals was Sh per month. Her salary was adjusted upwards by Sh per month on November and backdated to September The employer contributed of her basic salary to a registered pension scheme and she also contributed to the same scheme. She invested in the real estate and financial sector during the year where she earned the following incomes: Sh Gross rental income from commercial property Dividend from Samco Cooperative Society net Interest income from Union Bank Ltdnet Consultancy fee for training net Required: i Compute the total taxable income for Talisa Abara for the year ended December marksii Determine the tax payable if any on the income computed in bi above.
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