Mr. Zafrul, an engineer is employed by ZYZ Bhd since 31 August 2013. For the year...

  

Transcribed Image Text:

Mr. Zafrul, an engineer is employed by ZYZ Bhd since 31 August 2013. For the year 2022, be was paid a gross monthly salary of RM8,000, until his service is terminated on 31 October 2022. He also received the following income for the year 2022 A bonus of RM16,000 for 2021 service -Travelling allowance amounted to RM6,500 for official de -Reimbursement of utility bill amounted to RM700 from ZYZ. Bhd. -Reward of RM1,500 for passing exam Gratuity of RM55,000 for the years of service with the company Compensation for loss of employment of RM77,000 The company also provides him with a six-year-old car (cost when new: RM90,000) for the period 01 January 2022 to 30 April 2022. From 1 May 2022 he was provided with a new car costing RM150,000. Free fuel is also provided for him by the employer. The company also pays for the mobile phone (rental and charges) and other benefits during the year. His benefits and the respective costs incurred by the employers for the year 2022 are as follows: RM Mobile Phone 2,000 Furnishing-Fully furnished 8,000 Gardener's wages 8,400 Domestic servant's wages 9,000 Driver's wages 6,700 24,000 Childcare benefit Leave passage provided to Mr Zafirul in 2022 are as follows: Month Location RM January Langkawi 2,120 March Thailand 4,000 April Penang 1,160 June Melaka 80 July Kuching 1,400 Mr. Zaful was transferred from Johor Bahru to Kuala Lumpur on 1 January 2002. For the first four months, he was provided accommodation in the Puteri Pacific Hotel and for the rest of the employment period, he was provided with a rented bungalow. The costs incurred by the employer for the year was as follows: RM Hotel accommodation (4 months) 6,000 Rented Bungalow (6 months) 14,000 ZYZ Bhd has operated an unapproved retirement scheme since 1989. On 30 September 2022, the scheme was wound up. Mr Zafrul thus received the following income RM Employer cumulative contributions 43,000 Employee cumulative contributions 25,000 Interest 12,000 His wife, Ms. Edna is 40 years old choose an early retirement with a monthly pension of RM2,500. To fill up her spare time, she writes book on Malaysian Taxation System and receives royalty income of RM6,000 from her books. In addition, she also receives RM13,000 translation fees on translation of literary works at the special request of the Ministry of Education. Apart from that she recorded a tape on patriotic songs for children and music for clementary schools. She received RM10,000 as royalties in respect of the recording of tapes. Ms. Edna owns a terrace house in Cheras that are rented out for the first time. The rental income for the year amounted to RM6,550. The expenditure for the year of assessment 2022 is as follows: Advertising cost of obtaining first tenant (RM12, Housing loan interest (RM5.550), Insurance premium on fire (RM200), Cost of supervision and rental collection (RM300) and Repairs and Maintenance (RM330) Ms. Edna also derived the following income for the year ended 2002 Annuity from his late father's estate Malaysian dividend Foreign dividend (remitted to Malaysia) Interest from Malayan Banking Bhd for a 15-month fixed deposit Annuity from Malaysian Life Insurers Amount received from occasional lectures Lottery winning RM 4,500 8,000 1.550 3,300 2,000 1.500 500,000 Details regarding the expenditure incurred by Donna and Don for the year ended 31 December 2022 are as follows: Contributions to the Employees Provident Fund Cost of a wheelchair for disabled mother Medical Expenses for his mother Medical insurance premium for himself Childcare fees Purchase of sports equipment and gym memberships Purchase of smart phones Life Insurance premium Tuition fees Zakat Edna Zafrul (RM) (RM) 8,800 - 1,170 1,300 1,400 1,100 900 500 3,500 2,350 2,400 1,800 8,400 7,000 4,000 Note: Zafrul and Edna have not yet been blessed with a child. On 6 May 2022, Edna has legally adopted her eight-year-old nephew who was a disabled orphan. In 2022, she paid premium on education policy amounted to RM1,200 and a wheelchair at a cost of RM1,130 for the child. Required: Compute the total tax payable of Mr. Zafrul and Ms Edna under separate assessment for the YA 2022, assuming Edna is the one who elects to be assessed with her husband income. Mr. Zafrul, an engineer is employed by ZYZ Bhd since 31 August 2013. For the year 2022, be was paid a gross monthly salary of RM8,000, until his service is terminated on 31 October 2022. He also received the following income for the year 2022 A bonus of RM16,000 for 2021 service -Travelling allowance amounted to RM6,500 for official de -Reimbursement of utility bill amounted to RM700 from ZYZ. Bhd. -Reward of RM1,500 for passing exam Gratuity of RM55,000 for the years of service with the company Compensation for loss of employment of RM77,000 The company also provides him with a six-year-old car (cost when new: RM90,000) for the period 01 January 2022 to 30 April 2022. From 1 May 2022 he was provided with a new car costing RM150,000. Free fuel is also provided for him by the employer. The company also pays for the mobile phone (rental and charges) and other benefits during the year. His benefits and the respective costs incurred by the employers for the year 2022 are as follows: RM Mobile Phone 2,000 Furnishing-Fully furnished 8,000 Gardener's wages 8,400 Domestic servant's wages 9,000 Driver's wages 6,700 24,000 Childcare benefit Leave passage provided to Mr Zafirul in 2022 are as follows: Month Location RM January Langkawi 2,120 March Thailand 4,000 April Penang 1,160 June Melaka 80 July Kuching 1,400 Mr. Zaful was transferred from Johor Bahru to Kuala Lumpur on 1 January 2002. For the first four months, he was provided accommodation in the Puteri Pacific Hotel and for the rest of the employment period, he was provided with a rented bungalow. The costs incurred by the employer for the year was as follows: RM Hotel accommodation (4 months) 6,000 Rented Bungalow (6 months) 14,000 ZYZ Bhd has operated an unapproved retirement scheme since 1989. On 30 September 2022, the scheme was wound up. Mr Zafrul thus received the following income RM Employer cumulative contributions 43,000 Employee cumulative contributions 25,000 Interest 12,000 His wife, Ms. Edna is 40 years old choose an early retirement with a monthly pension of RM2,500. To fill up her spare time, she writes book on Malaysian Taxation System and receives royalty income of RM6,000 from her books. In addition, she also receives RM13,000 translation fees on translation of literary works at the special request of the Ministry of Education. Apart from that she recorded a tape on patriotic songs for children and music for clementary schools. She received RM10,000 as royalties in respect of the recording of tapes. Ms. Edna owns a terrace house in Cheras that are rented out for the first time. The rental income for the year amounted to RM6,550. The expenditure for the year of assessment 2022 is as follows: Advertising cost of obtaining first tenant (RM12, Housing loan interest (RM5.550), Insurance premium on fire (RM200), Cost of supervision and rental collection (RM300) and Repairs and Maintenance (RM330) Ms. Edna also derived the following income for the year ended 2002 Annuity from his late father's estate Malaysian dividend Foreign dividend (remitted to Malaysia) Interest from Malayan Banking Bhd for a 15-month fixed deposit Annuity from Malaysian Life Insurers Amount received from occasional lectures Lottery winning RM 4,500 8,000 1.550 3,300 2,000 1.500 500,000 Details regarding the expenditure incurred by Donna and Don for the year ended 31 December 2022 are as follows: Contributions to the Employees Provident Fund Cost of a wheelchair for disabled mother Medical Expenses for his mother Medical insurance premium for himself Childcare fees Purchase of sports equipment and gym memberships Purchase of smart phones Life Insurance premium Tuition fees Zakat Edna Zafrul (RM) (RM) 8,800 - 1,170 1,300 1,400 1,100 900 500 3,500 2,350 2,400 1,800 8,400 7,000 4,000 Note: Zafrul and Edna have not yet been blessed with a child. On 6 May 2022, Edna has legally adopted her eight-year-old nephew who was a disabled orphan. In 2022, she paid premium on education policy amounted to RM1,200 and a wheelchair at a cost of RM1,130 for the child. Required: Compute the total tax payable of Mr. Zafrul and Ms Edna under separate assessment for the YA 2022, assuming Edna is the one who elects to be assessed with her husband income.