Question

Mr Voon $($IC Number: $801106-14-6789)$ works as a finance executive with Tip$-$Top Sdn Bhd $($the company$)$ for the past $5$ years. On January $1,2022,$ he was promoted to finance director and was transferred from branch office in Perak to the main office in Nilai. He did not own any shares in the company. Besides employment income, he also derives income from investment and freelance activities. Below is the key information regarding his income and expenses for the year $2022.$ Employment Income

i$)$Remunerations$/$Benefits RM $($per month$)$

Salary $9,000$

Entertainment allowance $2,000$

Travelling allowance $1,500$

Parking allowance $300$

ii$)$Bonus equivalent to $2$ months$$ salary.

iii$)$Employees$$ Provident fund $($EPF$)$ contributions of $20\%$ by Tip$-$Top and $10\%$ by Mr Voon.

iv$)$Social Security Organization $($SOCSO$)$ contributions for the year by Mr Voon amounted to RM$700.$ His MTD for the year is RM$23,200.$

v$)$As his accommodation was not ready, he stayed at a hotel from January to February $2022$ where the room rate paid by company was RM$200$ per day. Subsequently he moved into a fully furnished bungalow for which the company paid a monthly rental of RM$4,000$ which included RM$500$ in respect of furniture and fittings.

vi$)$A new car costing RM$166,000$ was provided to Mr Voon on $1$ January $2022,$ without fuel. A driver employed by the company was assigned to drive the car but only during office hours.

vii$)$Medical and dental benefits for him and his immediate family are worth RM$10,000.$

viii$)$He was provided by his company a handphone model Samsung worth RM$2,300.$

ix$)$ He is entitled to a lunch meal at a cost of RM$50$ per month.

Mr Voon incurred the following expenses in $2022$:

i$)$RM$30,000$ for entertaining the company$$s suppliers and customers

ii$)$RM$6,000$ on petrol and toll charges for travelling between his house and office.

iii$)$RM$8,500$ on travelling expenses attending seminars and meetings related to the work.

Dividend Income

He received dividends amounting to RM$6,000$ from his share$$s portfolio in Canada in $2022.$ He also received interest income from his fixed deposits in CIMB Bank of RM$8,450.$

Rental Income

Mr Voon provided the following information regarding his residential property in Perak for the year ended $31\mathrm{.}12\mathrm{.}2022.$

RM RM

Receipts

Rental: January $$ March

April $$ May

June $$ December $16,000$

$-$

$24,000$

Deposit $($refundable$)26,000$

Deposit for electricity, water and telephone $4,000$

$70,000$

Payments

Deposit refunded to ex$-$tenant $4,000$

Assessment $4,200$

Quit rent for $2021-$ RM $390$

$2022$ RM $390$

$780$

Interest on loan $($January $$ December$)8,010$

Penalty for late payment of quit rent $160$

Rewiring cost $200$

Repairs $($carried out in May$)$

Repainting

Renovation of kitchen and bathroom

Replacement of damaged tiles

Installation of the air$-$conditioning unit

$2,650$

$7,660$

$3,750$

$1,150$

$(32,560)$

Net rental income $37,440$

Freelance activity income

During his spare time, Mr Voon does translation of literary works for the Ministry of Education. His income from royalties and expenditure for the year ended $31$ December $2022$ as follows:

Income: RM

From translation $24,000$

From books in Finance Literacy $40,000$

Expenditure: RM

Cost of computer $4,300$

Cost of printer $900$

Editing and typing expenses $600$

Stationery cost $300$

Family Information

Mr Voon is married with four children. His wife Vivian $($IC Number:$820923-10-1412)$ is a homemaker. A detailed profile of his children is as follows:$($i$)$Robert$,23$ years old, is a final year student in University Malaysia and he is married recently.

$($ii$)$Veronica$,21$ years old, is a second$-$year engineering student in the United States. She is under a government scholarship, but Mr Voon incurs another RM$15,000$ towards Veronica$$s expenses.

$($iii$)$Violet$,20$ years old, is working as a bank clerk and she draws a salary of RM$1,800$ per month.

$($e$)$ Rocky, $10$ years old, is studying at Nilai International School. Rocky is adopted child and disabled.

Other Expenses

Mr Voon bought books and magazines costing RM$1,350$ in total for the family. He also pays a nursing aide RM$1,500$ per month for a certified carer hired to look after his mother who suffered a stroke in the previous year. He purchased hospital bed for his mother worth $6,800.$ He pays his life insurance premium RM$2,700$ and RM$1,200$ for his wife$$s$.$ He can support his claims with the necessary documentation and receipts. He contributed a sum of RM$4,000$ towards a private retirement scheme which is approved by the Securities Commission. He also deposited RM$3,500$ in SSPN for Rocky. Mr Voon donated RM$10,000$ to MAKNA, an approved charitable institution in Malaysia.

Required:

a$)$Compute the followings:

i$)$Statutory income from employment

ii$)$Statutory income from investment activity

iii$)$Statutory income from freelance activity

Note: You should use Malaysia system and indicate the Section$13(1)($a$),($b$)....($e$)$ or section$4($a$)-($f$)$