Morad, a resident, is employed as an engineer. On 30 September 2021, Morad married Shima, who is certified as disabled by the relevant authorities and does not have any income.
Morad, a resident, is employed as an engineer. On 30 September 2021, Morad married Shima, who is certified as disabled by the relevant authorities and does not have any income. Morad has a 21-year-old married daughter from a previous marriage who still studying at university and an 80-year-old mother who did not receive any income during 2021. Details of Morad’s employment income and benefits, and other income and payments for the year ended 2019 are as follows:
Income and benefits from employment:
- Monthly salary of RM3,000
- Monthly entertainment allowance of RM2,000
- A cash award of RM3,000 for eight-year long service in the company
- Monthly parking allowance of RM100
- Utility bills for the year in the name of the company of RM12,000, paid by the company
- The company employed a driver at a monthly salary of RM2,500 from 1 October 2019
- Other income:
- Entertainment expenses incurred on company’s clients of RM9,000
- Zakat payment of RM5,000
- EPF contribution of RM26,000
- Purchase of smart phone for RM5,000
- Gymnasium fees of RM3,000
- Cash donations of RM8,000 paid to a local approved charitable institution
- Interest income of RM1,900 from an Australian foreign currency account
b)Royalties of RM33,000 from the translation of a Japanese technical journal into the national language as requested by the Ministry of Education
Payments/expenses:
Required: Compute the income tax payable by Murni for the year of assessment 2020.
Note: You should indicate by the use of the word ‘nil’ any item referred to in the question for which no adjusting entry needs to be made, including any relief or rebate, in the tax computation.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
