Jean, a 40-year-old Singapore citizen, was provided with the following employment income and benefits for the year 2020:

(i) Monthly salary of $4,000.

(ii) 2020 contractual bonus of $8,000.

Jean is single and entitled to earned income relief of $1,000. Jean contributed to the Central Provident Fund based on the statutory limits. Calculate Jean's minimum chargeable income for the Year of Assessment 2021.

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Contribution to Central Provi... View the full answer