Question 3 Mr. Lee and Ms. Kuan has the following income for the year ended 31...

 

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Question 3 Mr. Lee and Ms. Kuan has the following income for the year ended 31 December 2021: Employment Business losses Rental income Contribution to EPF Insurance premium on life They have three children with the following details: First child Second child Third child Mr. Lee RM (41,000) 33,000 9,000 Besides that, the following claims were made by Mr. Lee: Medical expenses for his mother Medical expenses for his child (warded in the hospital) Ms. Kuan RM 43,000 5,620 4,000 She is 22 years old in 2021 and pursuing a medical degree at the University Malaya. For the year 2021, Mr. Lee incurred RM 7,500 on the child's maintenance during the year. She is 20 years old in 2021, disabled and and pursuing her degree course at Universiti Putra Malaysia. Mr. Lee incurred RM8,700 on the child's maintenance during the year. He is 10 years old in 2021 and is attending a local primary school. Mr Lee incurred RM 4,500 on the child's maintenance during the year. RM 10,200 3,600 Instruction: Compute the income tax payable for YA 2021 for Mr. Lee under joint assessment. The wife has elect for joint assessment. Question 3 Mr. Lee and Ms. Kuan has the following income for the year ended 31 December 2021: Employment Business losses Rental income Contribution to EPF Insurance premium on life They have three children with the following details: First child Second child Third child Mr. Lee RM (41,000) 33,000 9,000 Besides that, the following claims were made by Mr. Lee: Medical expenses for his mother Medical expenses for his child (warded in the hospital) Ms. Kuan RM 43,000 5,620 4,000 She is 22 years old in 2021 and pursuing a medical degree at the University Malaya. For the year 2021, Mr. Lee incurred RM 7,500 on the child's maintenance during the year. She is 20 years old in 2021, disabled and and pursuing her degree course at Universiti Putra Malaysia. Mr. Lee incurred RM8,700 on the child's maintenance during the year. He is 10 years old in 2021 and is attending a local primary school. Mr Lee incurred RM 4,500 on the child's maintenance during the year. RM 10,200 3,600 Instruction: Compute the income tax payable for YA 2021 for Mr. Lee under joint assessment. The wife has elect for joint assessment.

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Total income Employment Business losses Rental income Contribution to EPF Insurance premium on lif... View the full answer