Cik Atikah, who is 49 years old, is a Senior Manager of Eatwell Sdn Bhd since...

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Cik Atikah, who is 49 years old, is a Senior Manager of Eatwell Sdn Bhd since 2002. Due to personal health problems, she resigned from the company on 1 August 2021. For the basis year 2021, her remuneration and benefit are as follows: a. Monthly salary of RM10,000 after deducting EPF contribution of 11% and schedular tax deduction of RM680. b. C. d. In January 2021, Cik Atikah was offered a share option scheme for 10,000 units of share at RM4.50 per unit, with the market price was RM8.70 per unit. A month later, she exercised half of her share option when the market price was RM9.00 per unit. Entertainment allowance of RM1,000 per month, The company provided her a credit card facility (exclusively for business purposes). She spent RM3,450 throughout the year using the credit card in performing the duties. The company also paid RM200 for annual membership fees. e. f. 9. h. Gratuity of RM130,000 Bonus of two and a half months of salary for the year of assessment 2020 was received in February 2021. L A brand-new car bought in 2019 costing RM145,000 was provided to her until 30 June 2021. Cik Atikah incurred RM350 for her dental treatments in 2021. The expenses were paid by the company. The company also paid RM250 per month for a corporate membership club A fully furnished house was provided to her from 2020 with the rental of RM2,000 per month including RM800 for the value of furniture. She occupied the house until 31 July 2021 and she was required to pay RM500 per month to the company for the house. L k. The company also employed a maid with a salary of RM700 per month for Cik Atikah. In March 2021, Cik Atikah and her husband went for vacation to Pulau Redang. Terengganu. All expenses were paid by the company including flight tickets of RM1,050. and accommodation and meals of RM5,000. m. Cik Atikah withdrew RM250,000 from an unapproved fund of which she contributed 45% of the amount n. Cik Atikah spent RM8, 100 for entertaining the company's suppliers and customers. Required: Compute the statutory employment income of Cik Atikah for the year of assessment 2021. Cik Atikah, who is 49 years old, is a Senior Manager of Eatwell Sdn Bhd since 2002. Due to personal health problems, she resigned from the company on 1 August 2021. For the basis year 2021, her remuneration and benefit are as follows: a. Monthly salary of RM10,000 after deducting EPF contribution of 11% and schedular tax deduction of RM680. b. C. d. In January 2021, Cik Atikah was offered a share option scheme for 10,000 units of share at RM4.50 per unit, with the market price was RM8.70 per unit. A month later, she exercised half of her share option when the market price was RM9.00 per unit. Entertainment allowance of RM1,000 per month, The company provided her a credit card facility (exclusively for business purposes). She spent RM3,450 throughout the year using the credit card in performing the duties. The company also paid RM200 for annual membership fees. e. f. 9. h. Gratuity of RM130,000 Bonus of two and a half months of salary for the year of assessment 2020 was received in February 2021. L A brand-new car bought in 2019 costing RM145,000 was provided to her until 30 June 2021. Cik Atikah incurred RM350 for her dental treatments in 2021. The expenses were paid by the company. The company also paid RM250 per month for a corporate membership club A fully furnished house was provided to her from 2020 with the rental of RM2,000 per month including RM800 for the value of furniture. She occupied the house until 31 July 2021 and she was required to pay RM500 per month to the company for the house. L k. The company also employed a maid with a salary of RM700 per month for Cik Atikah. In March 2021, Cik Atikah and her husband went for vacation to Pulau Redang. Terengganu. All expenses were paid by the company including flight tickets of RM1,050. and accommodation and meals of RM5,000. m. Cik Atikah withdrew RM250,000 from an unapproved fund of which she contributed 45% of the amount n. Cik Atikah spent RM8, 100 for entertaining the company's suppliers and customers. Required: Compute the statutory employment income of Cik Atikah for the year of assessment 2021.

Answer rating: 100% (QA)

ANSWER Statutory employment income of Cik Atikah for the year of assessment 2021 Monthly salary of R... View the full answer