Question: Mr Arun is a General Manager at Hankyu Sdn Bhd for the last 10 years. For the year ended 31 December 2020, he received the

Mr Arun is a General Manager at Hankyu Sdn Bhd for the last 10 years. For the year ended 31 December 2020, he received the following employment income and benefits from the company: Salary per month RM15,000 Bonus equivalent to 3 months’ salary Entertainment allowance per month RM3,000 Parking allowance RM3,600 Mr Arun was provided with a new car worth RM180,000, dental and medical care amounting RM12,000 for him and family. He was given a fully furnished bungalow to reside. The rental of the bungalow is RM5,000 (of which RM1,000 was for the furniture).

Required:

Compute the chargeable income for Mr Arun for the year of assessment 2020.

Step by Step Solution

★★★★★

3.39 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I need Keith Dox tax summary

2. The accounting profit before tax for the year ended 31 December 2020 for Marmadey Sdn Bhd amounted to RM37,000. The draft statement of financial position at 31 December 2020 contained the...

The sales data over the last 10 years for the Acme Hardware Store are as follows: a. Calculate the compound growth rate for the period of 2003 to 2012. b. Based on your answer to part a, forecast...

For the last 10 years you have been working in the health food business. You have talked to many customers who have suggested a new restaurant concept. The restaurant would feature a variety of low...

For the last 10 years, Ricky, 40, and Lucy, 35, were married, and you prepared their joint tax returns for those years. Last year they divorced, and both remained as your tax client. Under the...

Refer to problem 15, and assume new circumstances cause the analysts to reduce the anticipated P/E in 2011 to 20 percent below the average low J&J P/E for the last 10 years. Furthermore, projected...

The following events were conducted for the benefit of an NFP organization: 1. The Center for Nonprofit Excellence (CNE) is a charitable NFP with a mission to provide management and administrative...

For the last 10 years, Am-Mex Coal has used the cost depletion factor of $2500 per 100 tons to write off the investment of $35 million in its Pennsylvania anthracite coal mine. Depletion thus far...

The following table gives Foust Companys earnings per share for the last 10 years. The common stock, 7.8 million shares outstanding, is now (1/1/06) selling for $65 per share, and the expected...

Sagar Ltd. was formed on 1 January, 2016 with an authorised share capital of 5,00,000 equity shares of 10 each. 1,00,000 equity shares were issued for cash at a premium of 2.50 per share. No other...

1. EFIa material handling companypays each of its salespersons a base salary plus a percentage of revenues generated. To reduce overhead, EFI has switched from giving each salesperson a company car...

For the following data on financial institutions' net income, find the mean and the standard deviation. Goldman Sachs ...... $9.5 billion Lehman Brothers ..... 4.0 billion Moody's ..........$753...

Nguyen & Evans Incorporated, is a software development company that recently reported the following amounts (in thousands) in its unadjusted trial balance as of February 28, 2019. Debits $ 989,250...

g = l o g 5 ( x 2 5 ) * 6 x 3

Write an expository essay on the issue of "Modells Sporting Goods to Close All Stores After Bankruptcy Filing". Give an explanation of what the companys issue is, which brings them close to failure....

8) Camrey Company issued a five-year, interest-bearing note payable for $50,000 on January 1, 2013. Each January Camrey is required to pay $10,000 principal on the note. What is the amount that will...

A computer store sells an average of 1000 new iPhones each year. Annual demand is normally distributed with a standard deviation of 41 iPhones. The store orders directly from Apple. Each order is...

Able Bakers sells cooking supplies and training services. Under acontract with Putnam Restaurants, Able will provide $60,000 of supplies and three months of training for $2,000 per month. Able's...

On January 1, 2001, Wishful Thinking, a lessor, entered into a direct financing lease agreement with Lennard Company The lease agreement required 6 equal annual payments of $50,000 at the end of each...

When scowling, deep central vertical lines are created in the glabella by which muscle? Procerus Medial corrugator Lateral corrugator Frontalis

PLEASE SOLVE IT CORRECTLY WITH OUTPUT SCREENSHOT OTHERWISE WILL DOWNVOTE OR IF YOU SOLVE PROPERYL WILL UPVOTE ALSO PLEASE PROVIDE A DETAILED ANSWER FAST WITH OUTPUT SCREEN OTHERWISE WILL DOWNVOTE OR...

PLEASE SOLVE IT CORRECTLY WITH OUTPUT SCREENSHOT OTHERWISE WILL DOWNVOTE OR IF YOU SOLVE PROPERYL WILL UPVOTE ALSO 1. Mr. Arun Kumar S/o Mr. Suraj Kumar has purchased 10 acres of land in 20000000. 2....

I AM FRUSTATED NOW I AM UPLOADING THIS QUESTION 4TH TIME PLEASE ANSWER IT CAREFULLY OTHERWISE I WILL DOWNVOTE OR IF YOU SOLVE CLERLY AND WITH EXPALANATION AND WITH COMPLETE TEST CASE SCREENSHOT I...

IF YOU SOLVE CLERLY AND WITH EXPALANATION AND WITH COMPLETE TEST CASE SCREENSHOT I WILL UPVOTE ALSO 1. Mr. Arun Kumar S/o Mr. Suraj Kumar has purchased 10 acres of land in 20000000. 2. Mr. Amit Kumar...

INDUSTRIAL COURT OF MALAYSIA CASE NO: 23(22) (23)/3-1105/13 BETWEEN MALAYSIAN AIRLINE SYSTEM EMPLOYEES' UNION PENINSULAR MALAYSIA (MASEU) AND MALAYSIA AIRLINE SYSTEM BERHAD AWARD NO: 926 OF 2018...

CASE STUDY Mr. Ramlal is a timber merchant. He uses three column cash book. On August 1, 2019, he had cash in hand Rs.90,000 and balance at bank Rs.30,000 (bank overdraft). During the month he...