Question: Old MathJax webview I really need answers for this questions . 2. En. Ali and his wife have five children. Three of the children are
Old MathJax webview


I really need answers for this questions
. 2. En. Ali and his wife have five children. Three of the children are schooling and the others is studying in a local university. The youngest child with a disability is two years old. Particulars regarding their incomes are as follows: Income and expenses En. Ali (RM) Wife (RM) Salary 6,000 per month 4,500 per month EPF 11% from the annual salary 2,400 11% from the annual salary 1,920 LIP Cash Donations 1,200 500 II 5,500 2,500 Medical expenses on parents Books and journal 1,300 Zakat 200 300 (a) Assess their tax payable if they elect separate assessment. (13 marks) (b) Assess their tax payable if they elect joint assessment. (5 marks) (c) In your opinion, which assessment Mr. Ali and his wife should elect to pay their tax? State your reason. Mrs. Halimah owns a furniture store. She purchases a new set of furniture worth RM8,260 with a trade discount of 10% and 5%. She intends to sell the furniture at a 30% markup over the retail price. Calculate the: (a) amount paid by Mrs. Halimah to the supplier. (3 marks) (b) selling price of a new set of furniture. (4 marks) (c) markup per cent based on selling price. (3 marks) . 2. En. Ali and his wife have five children. Three of the children are schooling and the others is studying in a local university. The youngest child with a disability is two years old. Particulars regarding their incomes are as follows: Income and expenses En. Ali (RM) Wife (RM) Salary 6,000 per month 4,500 per month EPF 11% from the annual salary 2,400 11% from the annual salary 1,920 LIP Cash Donations 1,200 500 II 5,500 2,500 Medical expenses on parents Books and journal 1,300 Zakat 200 300 (a) Assess their tax payable if they elect separate assessment. (13 marks) (b) Assess their tax payable if they elect joint assessment. (5 marks) (c) In your opinion, which assessment Mr. Ali and his wife should elect to pay their tax? State your reason. Mrs. Halimah owns a furniture store. She purchases a new set of furniture worth RM8,260 with a trade discount of 10% and 5%. She intends to sell the furniture at a 30% markup over the retail price. Calculate the: (a) amount paid by Mrs. Halimah to the supplier. (3 marks) (b) selling price of a new set of furniture. (4 marks) (c) markup per cent based on selling price
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
