Madam Rapuri aged 56 is a resident, married to a househusband being a home maker and...

  

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Madam Rapuri aged 56 is a resident, married to a househusband being a home maker and has been recently employed as a branch manager in Bandar Puteri, Petaling Jaya with effect from 1 July 2019. Details of her remuneration package and expenditure from 1 January to 31 December 2020 are as follows: Income and Benefits: Gross salary paid during the year 2019. Gross salary for the year 2020 has been increased by 10% per month as from 1 July 2020 One month and half bonus was paid based on 2019's salary, of which 25% was paid in December 2020 and the balance in January 2021 Fully furnished accommodation was provided: Furnished monthly rental value Value of furniture per month Entertainment allowance per annum Fixed travelling allowance per annum Reimbursement of domestic help's monthly salary The domestic help was directly employed by Rapuri Dental and Medical paid for Madam Rapuri Expenditure incurred by Rapuri: Employee's Provident Fund (EPF) contributed Medical expenditure for Rapuri's husband (serious disease) Purchase of smart phone RM 8,000 per month 8,800 per month To be computed 2,600 600 24,000 8,000 1,200 6,800 9,342 35,000 1,400 Reading Material (Via E learn) Newspaper printed copy Cash donation to approved charity Entertainment expenses incurred on company clients 800 300 1,200 25,000 8 (8) WhatsApp File Apps M Gmail M G madam rapuri aged 56 resident Employment Income- Student Pe X C:/Users/DELL/Downloads/Employment %20Income - %20Student%20Performence%201-11feb2022.pdf Gmail YouTube Maps M Bagaimana Langka... 1 X Employment Income- Student Performence 1-11 feb2022.pdf 2 H OL 2/2 | X Homework Help - Q&A from Onl X + 70% + | @ QUESTION A/11FEB2022 Other Income during the year 2020: Restaurant Business: Rapuri started a restaurant business during the year 2020 and incurred a business loss amounting to RM27,000. Royalty Income: During the year Rapuri received a royalty payment of RM26,000 from an approved non- governmental organization for composing music. Rental income from overseas: Rapuri has a property in Waziland and derived gross rental income amounting to RM42,000. The entire amount has been remitted to Malaysia after paying foreign tax of RM 8,000. Bank and other interest: Interest received from Public Bank Berhad during the year RM19,000 and Interest received from Zoo Leong finance company (unregistered with Malaysian financial institution) RM16,000. Translation fee: During her spare time Madam Rapuri translated a novel written by Abang Thamboo called "Senjuman Di-bibir Mu" at the request of the Ministry of Education and was paid RM15,000. Required: Compute Rapuri's Employment/Aggregate/Total/ Chargeable income and tax payable (to the nearest ringgit) for the year of assessment 2020. The use of the word Nil should be indicated if no assessment is required. W (Total 25 Marks) Other bookmarks ENG US 4x O 0 Reading list 10:07 AM 11/2/2022 X 1 Madam Rapuri aged 56 is a resident, married to a househusband being a home maker and has been recently employed as a branch manager in Bandar Puteri, Petaling Jaya with effect from 1 July 2019. Details of her remuneration package and expenditure from 1 January to 31 December 2020 are as follows: Income and Benefits: Gross salary paid during the year 2019. Gross salary for the year 2020 has been increased by 10% per month as from 1 July 2020 One month and half bonus was paid based on 2019's salary, of which 25% was paid in December 2020 and the balance in January 2021 Fully furnished accommodation was provided: Furnished monthly rental value Value of furniture per month Entertainment allowance per annum Fixed travelling allowance per annum Reimbursement of domestic help's monthly salary The domestic help was directly employed by Rapuri Dental and Medical paid for Madam Rapuri Expenditure incurred by Rapuri: Employee's Provident Fund (EPF) contributed Medical expenditure for Rapuri's husband (serious disease) Purchase of smart phone RM 8,000 per month 8,800 per month To be computed 2,600 600 24,000 8,000 1,200 6,800 9,342 35,000 1,400 Reading Material (Via E learn) Newspaper printed copy Cash donation to approved charity Entertainment expenses incurred on company clients 800 300 1,200 25,000 8 (8) WhatsApp File Apps M Gmail M G madam rapuri aged 56 resident Employment Income- Student Pe X C:/Users/DELL/Downloads/Employment %20Income - %20Student%20Performence%201-11feb2022.pdf Gmail YouTube Maps M Bagaimana Langka... 1 X Employment Income- Student Performence 1-11 feb2022.pdf 2 H OL 2/2 | X Homework Help - Q&A from Onl X + 70% + | @ QUESTION A/11FEB2022 Other Income during the year 2020: Restaurant Business: Rapuri started a restaurant business during the year 2020 and incurred a business loss amounting to RM27,000. Royalty Income: During the year Rapuri received a royalty payment of RM26,000 from an approved non- governmental organization for composing music. Rental income from overseas: Rapuri has a property in Waziland and derived gross rental income amounting to RM42,000. The entire amount has been remitted to Malaysia after paying foreign tax of RM 8,000. Bank and other interest: Interest received from Public Bank Berhad during the year RM19,000 and Interest received from Zoo Leong finance company (unregistered with Malaysian financial institution) RM16,000. Translation fee: During her spare time Madam Rapuri translated a novel written by Abang Thamboo called "Senjuman Di-bibir Mu" at the request of the Ministry of Education and was paid RM15,000. Required: Compute Rapuri's Employment/Aggregate/Total/ Chargeable income and tax payable (to the nearest ringgit) for the year of assessment 2020. The use of the word Nil should be indicated if no assessment is required. W (Total 25 Marks) Other bookmarks ENG US 4x O 0 Reading list 10:07 AM 11/2/2022 X 1