Income and Expenses Salary Employees' Provident Fund (EPF) 1. Particulars regarding John and his wife are...

 

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Income and Expenses Salary Employees' Provident Fund (EPF) 1. Particulars regarding John and his wife are as follows: Wife RM25,000 RM2,000 John RM85,000 RM6,000 LIP RM3,500 RM1,200 Books and magazine RM800 Internet subscription RM700 RM200 RM20 Zakat They have three children and all of the children are schooling. Calculate the tax payable if they elect separate assessments. 2. Particulars regarding Yusuf and his wife are as follows: Income and Expenses Yusuf Wife Salary RM69,000 RM72,000 Employees' Provident Fund (EPF) RM5,600 RM5,760 LIP RM3,000 Sport equipment RM300 Internet subscription RM600 RM400 Zakat RM800 Medical expenses on parents RM100 RM2,000 RM100 They have four children. Two of the children are schooling and the other two are studying in local universities. Assess their tax payable if they elect a) joint assessment b) separate assessments. 3. Maniam's annual income is RM78,900. He contributes RM8,679 to the EPF and pays life insurance premium (LIP) of RM1,200. He spent RM450 on books and RM600 on Internet subscription. Assess his tax payable. 4. Siva is a pensionable government servant. He is married with three-schooling children. His wife is not working. His annual income is RM82,000. He pays LIP of RM3,500 and RM1,632 for Internet subscription in 2020. Calculate his tax payable. Income and Expenses Salary Employees' Provident Fund (EPF) 1. Particulars regarding John and his wife are as follows: Wife RM25,000 RM2,000 John RM85,000 RM6,000 LIP RM3,500 RM1,200 Books and magazine RM800 Internet subscription RM700 RM200 RM20 Zakat They have three children and all of the children are schooling. Calculate the tax payable if they elect separate assessments. 2. Particulars regarding Yusuf and his wife are as follows: Income and Expenses Yusuf Wife Salary RM69,000 RM72,000 Employees' Provident Fund (EPF) RM5,600 RM5,760 LIP RM3,000 Sport equipment RM300 Internet subscription RM600 RM400 Zakat RM800 Medical expenses on parents RM100 RM2,000 RM100 They have four children. Two of the children are schooling and the other two are studying in local universities. Assess their tax payable if they elect a) joint assessment b) separate assessments. 3. Maniam's annual income is RM78,900. He contributes RM8,679 to the EPF and pays life insurance premium (LIP) of RM1,200. He spent RM450 on books and RM600 on Internet subscription. Assess his tax payable. 4. Siva is a pensionable government servant. He is married with three-schooling children. His wife is not working. His annual income is RM82,000. He pays LIP of RM3,500 and RM1,632 for Internet subscription in 2020. Calculate his tax payable.