Jhope Sdn Bhd has been operating as a manufacturer of antique furniture since 1887. The paid-up...

 

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Jhope Sdn Bhd has been operating as a manufacturer of antique furniture since 1887. The paid-up capital as at 1.9.2021 is RM2 million. For the year ended 31.8.2022, the company submitted the following information: Particulars Business 1 - Manufacturing Adjusted loss Balancing charge Capital allowances - current year Unabsorbed capital allowance b/f Business 2 trading Gross income Expenditure (inclusive of donations to approved charitable institutions of RM3,000 and depreciation of RM8,000) Unabsorbed loss b/f Capital allowances - current year Balancing allowance Rental income Interest income Required: Compute the income tax payable for the YA 2022 Year ended 31.8.2022 RM (2,500) 10,000 5,000 1,500 90,000 60,000 (1,800) 65,000 4,000 6,000 3,000 Jhope Sdn Bhd has been operating as a manufacturer of antique furniture since 1887. The paid-up capital as at 1.9.2021 is RM2 million. For the year ended 31.8.2022, the company submitted the following information: Particulars Business 1 - Manufacturing Adjusted loss Balancing charge Capital allowances - current year Unabsorbed capital allowance b/f Business 2 trading Gross income Expenditure (inclusive of donations to approved charitable institutions of RM3,000 and depreciation of RM8,000) Unabsorbed loss b/f Capital allowances - current year Balancing allowance Rental income Interest income Required: Compute the income tax payable for the YA 2022 Year ended 31.8.2022 RM (2,500) 10,000 5,000 1,500 90,000 60,000 (1,800) 65,000 4,000 6,000 3,000

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To compute the income tax payable for the year of assessment YA 2022 we need to calculate the ... View the full answer