The expenses incurred by RTL in the year ended 31 December 2022 include the following: $ Voluntary central provident fund (CPF) contributions (see note) 5,000 Statutory CPF contributions 20,000 Interest on late CPF contributions 800 25,800 Note: The voluntary CPF contributions were made in accordance with the terms of RTL's employment contracts. What is the total amount, in respect of these expenses, which RTL can claim as a deduction for the year of assessment 2023?

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Answer To determine the total amount that RTL can claim as a deduction for the year of assessment 20... View the full answer