Gary Lee is a Malaysian resident with 3 children and the details are as follows: First...
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Gary Lee is a Malaysian resident with 3 children and the details are as follows: First child Second child 24 years old and is pursuing Master in Business Administration in overseas university Third child 18 years old and is pursuing matriculation course in local university Compute the total child relief for Gary Lee in YA 2019. Q2 Ernest and his wife, Valerie are resident in Malaysia in the year 2019. The total income and contribution to EPF by Ernest and Valerie for the year ended 31.12.2019 are as follows: 27 years old and is graduated and financially independent (has total income in his own right) ii) Ernest RM Total income 60,000 Contribution to EPF 4,800 Compute the income tax payable for Ernest and Valerie. Q3 Mr Goh who is working as a plant engineer signed up for a masters course in electrical engineering with a British University and paid course fees of RM20,000. Would he entitle for any relief? Q4 Mr Mahen retired as a senior lecturer from a public university on reaching the compulsory age of retirement on 31 December 2019. He provided the following information: i) iii) iv) v) Valerie RM 45,000 3,600 Contributed RM1,400 to the Employees Provident Fund. He also pays RM4,200 for a life insurance policy. Married to Gomathi, a housewife and has three children. Two of their children studying in local universities. The youngest is still schooling at Petaling Jaya. He incurred RM9,000 for education for all children. Spent RM12,000 on fees during the year in pursuing a doctorate degree in management science at a local university. Spent RM2,000 to purchase books for himself and families. He was able to produce receipts for only RM1,000 for the books. Purchase tablet gadgets for his youngest child for RM400 during the year. Official receipts were enclosed. Required: Compute the total personal reliefs entitled for Mr Mahen for YA2019. Gary Lee is a Malaysian resident with 3 children and the details are as follows: First child Second child 24 years old and is pursuing Master in Business Administration in overseas university Third child 18 years old and is pursuing matriculation course in local university Compute the total child relief for Gary Lee in YA 2019. Q2 Ernest and his wife, Valerie are resident in Malaysia in the year 2019. The total income and contribution to EPF by Ernest and Valerie for the year ended 31.12.2019 are as follows: 27 years old and is graduated and financially independent (has total income in his own right) ii) Ernest RM Total income 60,000 Contribution to EPF 4,800 Compute the income tax payable for Ernest and Valerie. Q3 Mr Goh who is working as a plant engineer signed up for a masters course in electrical engineering with a British University and paid course fees of RM20,000. Would he entitle for any relief? Q4 Mr Mahen retired as a senior lecturer from a public university on reaching the compulsory age of retirement on 31 December 2019. He provided the following information: i) iii) iv) v) Valerie RM 45,000 3,600 Contributed RM1,400 to the Employees Provident Fund. He also pays RM4,200 for a life insurance policy. Married to Gomathi, a housewife and has three children. Two of their children studying in local universities. The youngest is still schooling at Petaling Jaya. He incurred RM9,000 for education for all children. Spent RM12,000 on fees during the year in pursuing a doctorate degree in management science at a local university. Spent RM2,000 to purchase books for himself and families. He was able to produce receipts for only RM1,000 for the books. Purchase tablet gadgets for his youngest child for RM400 during the year. Official receipts were enclosed. Required: Compute the total personal reliefs entitled for Mr Mahen for YA2019.
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Question 1 10000 Question 2 Ernest 1560 Valerie 122 Question 3 Relief Self Education 7000maximum Que... View the full answer
Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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