SITI NUR DIANA BINTI SELAMAT

2020488484

JAC110 4D

Question 4(sept 2021)

Computation of Income Tax Payable for Mr Taylor & Mrs

Dorolina for the year of assessment 2020

Mr Taylor Mr Dorolina
(RM) (RM)
Section 4(a)-Business Income Homestay
Gross Income 84 000
LESS: Allowable expenses (58 000)
Adjusted business income 26 000
ADD: Balancing charges 4 000
30 000
LESS: Capital Allowance (4 700)
Net Statutory Business Income 25 300 25 300

Section 4(b)- Employment Income

Salary (RM 6 200 x 12 months) 74 400

Section 4(c)- Interest dividend

Dividend-Kst Ptd Ltd (exempted) NIL
Interest- Bank Islam(exempted) NIL

Section 4(d)-Rental and Royalty Condo (10)

Rented (RM 3500 x 10 months) 35 000
refundable deposit NIL
35 000
LESS: Allowable Expenses
Quit Rent ( RM 1 100 x 10/12) (917)
Repair and maintenance (860)
Renovation (CE) NA
Yearly fire Insurance (RM 1 300 x 10/12) (1 083)
Statutory Royalty Income 32 140 32 140
Translation of literary works (Ministry of 16 000
Education)
LESS: Exemption (para 32a) (12 000)
Statutory royalty income 4 000 4 000

Section 4(e)-Pension, Annuity and Periodically

Income
Pension (Due to car accident) (Exempted) NIL

Section 4(f)-Other Income

Aggregate Income 99 700 36 140
(3 170)
LESS: Current year business loss- Café Woo
LESS: Approved cash donations (AI)
Cash to approved institution
(600vs10/100x99700=9970) (600)
(800vs10/100x36140=3614) (800)
Computer set to secondary school NIL
Total Income 95 930 35 340
LESS: Relief
Self-relief (9 000) (9 000)
Disabled Relief (Certified) (6 000)
*Basic supporting equipment
Wheelchair for wife (3 600)
*Serious disease, fertility treatment vaccination &
medical check-up
Serious disease- Mrs Dorolina
(8 000)
*Child relief
Adam (diploma university London) NIL
Emily (schooling) (2 000)
Eve (5 years old) (2 000)
*Medical for parents
Medical for Mrs dorolina (2 450)
Parent NIL
*Lifestyles relief, Gadget relief
Tablet 2 800
Internet (120x12) 1 440
4 240 (4 240)
*Childcare relief
Tadika Ceria (registered) (3 000)
*Education and medical insurance
Education insurance for eve 2 410
Medical insurance – MRs Dorolina 3 400
Restricted 5 810 (3 000)
*Life insurance & EPF
EPF (11/100x74 000=8184)(restricted) (4 000)
Life insurance : him 1 980
Wife 1 200
Restricted 3 180 (3 000)
Chargeable Income 57 090 14 890
Tax Payable (Mrs Dorolina)
First Rm 10 000 50
Next RM 4 890 x 1/100 49
Tax payable (Mr Taylor) 99
First RM 35 000 600
Next RM 14 090 x 8/100 1 127
1 727
LESS: Rebate
Self rebate (400)
NET INCOME TAX PAYABLE 1 727 NIL