Question: Salih, 32 years old, was appointed as an engineer by Infineon Star Sdn. Bhd, a Malaysian resident company located in Kulim HiTect Malaysia. His
Transcribed image text
Salih, 32 years old, was appointed as an engineer by Infineon Star Sdn. Bhd, a Malaysian resident company located in Kulim HiTect Malaysia. His appointment as an engineer started on 1 January 2021. His remuneration package is as follows: 1. Salary of RM6,000 per month. 2. A car costing RM120,000 was provided together with fuel and other maintenance. The car was purchased by the company in 2019. 3. A fully furnished house was provided by the company with monthly rental of RM2,300 (including the semi furnish furniture with air conditioner at RM300). 4. 5. 6. Infineon Star Sdn Bhd paid RM6,000 interest on loan taken by Salleh from a financial institution in Kedah. Salih reimbursed to the company a monthly deduction of RM300 effective from March 2021. He also received RM400 from the company for the refund of professional fees. In August 2021 he went to Amsterdam in Netherland. The cost of the holiday package for one person was RM4,000 which was fully paid by the company. He also was being paid by company for vacation at Langkawi Island on December 2021. Company Family Day was conducted in October, Salih won a lucky draw prize in a form of an iPad worth RM3,600. 7. 8. A hamper worth RM300 received from a supplier (who is a client of the company), in conjunction with the Hari Raya, in June 2021. Additional information: 1. Salih contributed 11% of his salary to EPF. 2. Salih donated RM300 to Baling Orphanage Home and RM1,200 zakat to Kedah Religious Department. Required: Present the computation for statutory employment income for Salih for Year Assessment (YA) 2021. (Include all necessary explanatory notes and workings.)
Step by Step Solution
3.32 Rating (164 Votes )
There are 3 Steps involved in it
ANSWER Explanation The cost of company car should not be included in Salihs salary computation unles... View full answer
Get step-by-step solutions from verified subject matter experts
