QUESTION $2$

Ahmad, an engineer, has been working for Tech Dynamics Berhad for the past $10$ years. Due to a restructuring plan in the company, the management team decided to offer a Voluntary Separation Scheme $($VSS$)$ to reduce its workforce. Ahmad opted for the VSS and resigned on $1$st July $2024.$ As part of the separation package, Ahmad received RM$150,000$ as compensation. Ahmad then secured a new job at Innovate Solutions Berhad and started working there immediately after leaving Tech Dynamics. Below are the details of Ahmad's incomes and benefits for the year $2024$:

$\backslash$table$[[$Benefits:$,\backslash$table$[[$TECH DYNAMICS $($RM$)],[18,500]],\backslash$table$[[$INNOVATE SOLUTION $($RM$)],[23,000]]],[$Monthly Salary after $11\%$ EPF deduction,,$-],[$Monthly Traveling Allowance $(20\%$ for private purposes$),\backslash$table$[[4,500],[13,500]],\backslash$table$[[-],[-]]],[$Bonus$,450,-],[$Professional Membership Fee $($BEM$),4,000,2,000],[$Long$-$Service Award,$1,500,],[$Medical treatment $($chiropractic$),,],[$Credit Card Facility:,$350,-],[$Annual membership fee,$10,833,\backslash$table$[[-],[54,167]]],[$Private expenses,,$7,000],[$Official expenses,$5,000,\backslash$table$[[1,800],[1,500]]],[$Brand New Car $($Annual Value$),,]]$

Additional Information:

Innovate Solutions granted Ahmad an option to purchase $3,500$ units of company shares at RM$9$ per share in November $2023$ where the market price of the share at that time was RM$13$ per share. Ahmad decided to fully take up the offer in December, when the market price was RM$15$ per share.

Tech Dynamics provided Ahmad with a fully furnished semi$-$detached house, with a monthly rental value of RM$2,200,$ complete with a maid and a gardener. $$hmad paid a monthly nominal rent of RM$500$ for the house.

Innovate Solutions provided Ahmad with hotel accommodation until December $2023.$ The hotel rate was $RM400$ per night.

Innovate Solutions granted Ahmad leave passage for a trip to Sydney, Australia, with his wife and two children with total cost of RM$19,000$ including RM$4,000$ for hotel and meal.

Tech Dynamics contributed RM$85,000$ to an unapproved fund under Ahmad's name. Ahmad withdraws $80\%$ from the fund when he resigns.

REQUIRED:

Compute Ahmad's adjusted employment income for the year of assessment $2024.$ List all items and indicate "NIL" for non$-$taxable income or non$-$allowable expenses.

$(15$ Marks$)$