7/21/2019 taxation

http://slidepdf.com/reader/full/taxation-56d9c699e8b58 1/4

THE INSTITUTE OF FINANCE

MANAGEMENT

FACULTY OF ACCOUNTING, BANKING AND FINANCE

BACHELOR DEGREE IN ACCOUNTANCY

YEAR TWO 2015/2016 

TM 738: TAATION

TUTORIAL GROU! A""IGNMENT

"TREAM A GROU! 2 "UBGROU! 1

  !ARTICI!ANT" REGI"TRATION N#$

  MN%A&A "HAMIM A$ IMC/BAC/1'/655'(

KIKO MTEGERA "$ IMC/BAC/1'/65613

  KHAMI", KHAMI" M$ IMC/BAC/1'/76716

  MEELA MO"E" M$ IMC/BAC/1'/773'5

7/21/2019 taxation

http://slidepdf.com/reader/full/taxation-56d9c699e8b58 2/4

  OKELLO "UNDAY &$ IMC/BAC/1'/76728

)UE"TION 7

 NAME OF THE EMPLOYER: ROBOTS AND ASSEMBLER DESIGN

 NAME OF THE EMPLOYER: MS. SPICES LOWERY

SOURCE OF INCOME: EMPLOYMENT

YEAR OF INCOME: 2014

RESIDENTIAL STATUS: RESIDENT

COMPUTATION OF TAXABLE INCOME FROM EMPLOYMENT

Basi sa!a"# $00%000&12 ' (%200%000

T"a)s*+", a!!+-a) 2/0%000&12 ' %000%000

L) a!!+-a) 1/0%000&12 ' 1%300%000

Mia! a!!+-a) 100%000&12 ' 1%200%000

Ca" 5)6i, 1%000%000

L+a) 5)6i, %000%000&107 ' 00%000

E!,"ii,# 0%000&12 ' $0%000

Wa," 2/%000&12 ' 00%000

R,i"8), +),"i5,i+) $00%000&1/7 ' 90%000&12 ' 1%030%000

I)+8 "i as i),"s, 6"+8 CRDB 5a); ' NIL

T+,a! a"<a5! i)+8 56+" +si)< 5)6i, is 1$%240%000

T#*+ -.# -. ++*-. 4#-. .-*

' ,+,a! a"<a5! i)+8 56+" +si)< 5)6i, = R,i"8), +),"i5,i+)

7/21/2019 taxation

http://slidepdf.com/reader/full/taxation-56d9c699e8b58 3/4

'1$%240%000 > 1%030%000 ' 1/%1$0%000

T 6+!!+-i)< a" , s,*s +6 a!!a,i)< +si)< 5)6i,:

1? C+8*a" 1/7 +6 ,+,a! 8+!8),s -i, @*)i," !ai8 a) #+ ,a; <"a," 

T+,a! 8+!8),s ' 1/%1$0%000 1/7 ' 2%2(4%000

2%2(4%000 s 1/0%000&12? '1%300%000

2? C+8*a" , a)s-" i) s,* 1 -i, 8a";, a! ,) #+ ,a; , !ss" 

 2%2(4%000 s 400%000&12? ' 4%300%000

? D, , a)s-" 6"+8 s,* 2 5# , a8+), *ai 5# 8*!+# as "),

2%2(4%000 > /0%000&12? ' 1%$(4%000

H+si)< 5)6i, is 1%$(4%000

T+,a! a"<a5! i)+8 a6," +si)< 5)6i, ' 1%$(4%000 1$%240%000 ' 1(%914%000

)UE"TION 8

 NAME OF THE EMPLOYER: CHUMA ULETE COMPANY LTD

 NAME OF THE EMPLOYER: MR. CHIPOTO

SOURCE OF INCOME: EMPLOYMENT

YEAR OF INCOME: 2012

RESIDENTIAL STATUS: RESIDENT

COMPUTATION OF TAXABLE INCOME FROM EMPLOYMENT

Basi sa!a"# /00%000

T"a)s*+", a!!+-a) 1%2(/%000

L) a!!+-a) 1(/%000

7/21/2019 taxation

http://slidepdf.com/reader/full/taxation-56d9c699e8b58 4/4

Mia! a!!+-a) /0%000

Ca" 5)6i, 1%/00%000&112 ' 12/%000

L+a) 5)6i, 4%000%000&1/7 ' $00%000&112 ' /0%000

E!,"ii,# 00%000

Wa," 240%000

T+,a! a"<a5! i)+8 is 2%(1/%000