The following information relates to Mr. Selema, a resident Individual, for the tax year 2017/2018. 1. Salary. 2. Business Income 3. income from a house rented out P60 000. 4. Interest Income: BBS- (iv) (v) BSB - Bank Gaborone: 0 30 001 60 001 P10, 000 5. Expenses for running a business delivery truck: 6. Amount paid to the house keeper: 7. Wages and Salaries for business employees: 8. Repairs to the house let out: 9. Contributed P1 000 to a government school. Use the following tax table: Taxable Income 90 001 120 001 and P14 000 10. Contributed 15% of his salary to an approved superannuation fund. 11. Spent P8 000 in petrol for the business car, however the car was used by his son for his personal affairs 25% of the time. You are required to calculate the following: (i) Gross Income (ii) Assessable Income Chargeable income Taxable Income The Tax Liability P11 000 120 000 30,000.. 60 000. 90 000. over P120 000 P300 000 Tax P17 000 P6 000 P99 000 P2 500 P: (5 marks) (5 marks) (5 marks) (5 marks) (5 marks) 0 .0+ 5% of excess over 30 000 1 500 +12.5% of excess over 60 000 5 250 +18.75% of excess over 90 000 10 875 + 25% of excess over 120 000.