Anu aged 39 years old is a Singaporean Citizen and is a lecturer in an institution. She is married and has 2 Singapore citizen children aged 10 and 12 years old respectively. Her husband, Rajis a consultant and will usually claims the QCR in his tax return. Anu's mother aged, 59 years takes care of her children after school and is not working, Salary per month in 2019 $7,100 She also received non contractual bonus in September 2019 of $17,500. 

Her DBS interest income was $560 and won consolation prizes of $1000 last year December from 4D tickets. Her husband has completed National service. Her employer was not aware of the CPF cap limits and contributed fully. She also attended ACTA training and paid $3770 as course fees last year June 

Determine the statutory and assessable income for the year of assessment 2020.

Answer rating: 100% (QA)

Statutory income refers to all items that are not ordinary income but must be included ... View the full answer