Mrs. Mary Meno is a professional dentist who practices in Accra. She has provided
you with the details on her clinic for the year ended 31 December 2005:
Sh.
Gross Professional fees received
Subscriptions to professional association and
publications
Subscriptions to a wildlife magazine
Donations to a children’s home
Debt collection expenses (dental patients)
Wages for dental assistant
Replacement of surgical instruments
Rent for the clinic premises
Electricity and water – clinic
Other clinic expenses
Hire of car for use in practice
Uniforms for staff
Payment of school fees for own children
Contribution to provident fund – self
Payment of life insurance premium – self
Terminal benefits paid to retired receptionist
Depreciation on furniture – clinic
Rents received from sub-rentals
Rent collection expenses(sub-tenants)
Wages paid to cleaners and watchman – clinic
Furniture bought for clinic 1 January 2005
Tarmacking of Drive-way personal residence
Additional servant quarters – personal residence
Dividend income net of withholding tax
Interest income from commercial bank – gross
Directors fees received (deductions at source
SSh.3,0000
1,000,000
20,000
2,000
10,000
6,000
120,000
40,000
140,000
40,000
70,000
50,000
5,000
40,000
60,000
20,000
50,000
12,000
14,000
2,000
50,000
64,000
80,000
140,000
34,000
24,000
120,000 Net
Required:
(a) Calculate the taxable income of Mrs. Mary Meno for the year ended 31
December 2005. (12 marks)
(b) Tax payable by Mrs. Mary Meno. (
6 marks)

(c) Indicate when the tax, if any, is payable to the Income Tax department.
( 2 marks)