Encik Mikhael is a government servant, retired optionally on 31 March 2022 at the age of...

 

                

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Encik Mikhael is a government servant, retired optionally on 31 March 2022 at the age of 50. His income from the government service for the year ended 31 December 2022 was as follows: Salary from January - March Pension from April - December RM 12,000 9,000 In 2022, Encik Mikhael also received interest income of RM1,500 from government bond. In addition, he also received dividend (single tier) of RM4,475 from Best Solution Berhad. He obtained a loan to invest in Best Solution Berhad for which he paid RM287 per month, where RM237 represent principal payment, starting from February 2022 On 1 July 2022, his close friend, Encik Khairul set up a business in Putrajaya, Karisma Budi Sdn Bhd. Encik Khairul appointed Encik Mikhael as a director of the company who owned 25% of the company's shares. Encik Mikhael was given the following remuneration and benefits: a Monthly director fees of RM5,000 b. Travelling allowance of RM800 per month c. A new company car costing RM120.000 was purchased and provided to Encik Mikhael together with a driver from 1 September 2022. d. For the month of July 2022, Encik Mikhael was provided with accommodation in a hotel with daily rate of RM200. On 1 August, he moved into a house provided by the company with a monthly rental of RM3000, He used his own furniture for the house. e. The company also provided him with a servant and a gardener with a monthly salary of RM600 and RM300 respectively, effective from 1 August 2022, 1. Encik Mikhael and his wife, Puan Azra went for a holiday to Perth, Australia where the following expenses were paid by Karisma Budi Sdn Bhd: Air Fares including insurance RM2.700 Hotel Accommodation RM 12.500 7,100 Encik Mikhael also an owner of Daisy Catering Enterprise, a food catering business in Subang Jaya, Selangor. Below is the statement of profit or losses of his business for the year ended 31 December 2022: Daisy Catering Enterprise Statement of Profit or Loss for the year ended 31 December 2022 Sales Less: cost of sales Gross profit Add: other income Less: Operating expenses Salaries, bonus and EPF Rental Utilities Fees and donations Medical expenses Bad debts Entertainment Expenses Repairs and maintenance Depreciation Motor Vehicle expenses Training Expenses Net profit Note 1 2 3 6771445E 8 9 10 11 12 RM 263,504 42,000 12,000 5,800 17,430 12,420 44,100 35,700 17,800 24,000 21,576 RM 1,120,000 (457,130) 662,870 56,200 719,070 (496,330) 222,740 Notes to the accounts: Included in cost of goods sold was RM33,500 worth of goods taken by the owner for personal consumption. The market value of these goods was RM48,000. The transaction has recorded in cost of sales. 1. 2. Other income consists of: ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL Dividend Gain on sale of delivery van Rental received RM CONFIDENTIAL AC/JAN2023/TAX467/PROJECT 16,000 16,200 24,000 56,200 3. 4. 5. 6. Salary, bonus and EPF Owner Normal Employees Disable Employee Salary RM 48,000 144,000 14,400 206,400 Bonus RM Utilities expenses: Only 35% of the expenses was related to the business 8,000 24,000 2,400 EPF RM 34,400 22,704 Note: one of the normal employees is Aryan, an ex-drug who had undergone treatment and rehabilitation pursuant to the Drug Dependants Act 1983 and is registered with the National Anti-Drugs Agency (MyAADK system). He was paid a total remuneration of RM16,800. Fees and donation comprise of: Donations of books to state library of Selangor (Section 34(6)(g) Translation fees for Korean pastry book into Bahasa Malaysia approved by Dewan Bahasa and Pustaka Contribution of business zakat to Majlis Agama Islam Selangor Entrance fees to Persatuan Usahawan Bumiputra Selangor 5,280 15,840 1,584 Rental received comprise of: Encik Mikhael rented a three-storey shop house. He used the first and second floors for his business and occupied the third floor with his family. The Inland Revenue Board agreed that 70% of the rent is for business purposes. RM 2,780 2,000 720 300 5,800 7. 8. 9. Medical Expenses comprise of: Wheel chairs for disable employee Medical Expenses of other employees Encik Mikhael's Medical Expenses Bad Debts comprise of: Loan to ex-employee written off Trade debts written off Increase in general provision for bad debt Entertainment Expenses Leave passage for employees to Cameron Highland (yearly event) ⒸHak Cipta Universiti Teknologi MARA 5,600 RM 500 12,930 4,000 17,430 RM 10,220 1,700 500 12,420 RM 29,300 CONFIDENTIAL CONFIDENTIAL Family day for Employees Entertaining Business Clients 50 11. Motor Vehicle Expenses Repainting Puan Aiza's car Repairs cost for Delivery Van AC/JAN2023/TAX467/PROJECT 10. Repair and maintenance comprise of: Repairs of rice cooker used in the Encik Mikhael's house Renovation of business kitchen Repairs of premises broken roof 12. Participate in PROTEGE-Ready To Work (RTW) Programme by conducting the training program for unemployed graduates. 11,800 3000 44,100 RM 700 23,700 11,300 35,700 RM 2,500 21,500 24.000 21,576 There was an unabsorbed capital allowance from the previous year amounting to RM3,568. The following are non-current assets listing for Daisy Catering Enterprise: Assets Particulars Delivery Van A van used for delivery of goods to customers was acquired for RM155,000. On 28 September 2022, it was traded in with a new delivery van. Air conditioner Computer with printer ⒸHak Cipta Universiti Teknologi MARA Date Acquired 1 Feb 2019 1 June 2021 1 January 2022 The details pertaining to the new van were as follows: • • • • Cost: RM130,000 Cash Deposit: RM30,000 Trade-in value of the delivery van: RM 60,000 Installment payment: RM1625 for 40 months installment: First October 2022 1 It was agreed that only 70% of the usage for each van was for business used. 2 units of air conditions of RM 2,350 each is paid by cash. The asset was acquired for RM5,800. The computer was found to unsuitable after 3 months of usage. CONFIDENTIAL CONFIDENTIAL Furniture and Fittings 6 1 January 2020 AC/JAN2023/TAX467/PROJECT It was disposed off at RM5,000 on April 2022. The IRB accepted the reason for the disposal. He brought into the business a furniture and fittings which has been acquired for personal used on 1 January 2020. The market value on the date of transfer was RM3,100 and the net book value was RM2,900. In February 2022, the asset has been sold for RM2,200. The business's total tax paid by Encik Mikhael via the Form CP500 tax installment scheme for the year of assessment 2022 is RM26,400 Nur Azra Sofea binti Ahmad Radzhi Encik Mikhael's spouse, Puan Azra is a manager of Daisy Catering Enterprise since May 2010. Details of her remuneration are as follows: . Net Salary: Salary (monthly) Allowance Gross Income Less: Contribution to EPF Saving in Tabung Haji Zakat Monthly Tax Deduction Net Income RM 6,500 1,300 7,800 748 200 500 700 5,652 Bonus equivalent to two (2) month's salary Monthly travelling and entertainment allowance were of RM2,000 and RM1,500 respectively. She incurred entertainment allowance or RM10,000 in for entertaining the company's suppliers and customers. A brand-new car costing RM98,000 was provided by the company since 2011. • She received parking allowance amounted to RM200 per month. ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL AC/JAN2023/TAX467/PROJECT She incurred RM650 for her dental treatments in 2022 and the expenses were paid by the company. • The company also employed a maid with a salary of RM900 per month for Puan Azra. . 7 She acquired an apartment in Cheras, Kuala Lumpur in February 2022 for RM550,000 and rented out the property from 1 May 2022 with a monthly rental of RM3,000. The statement of rental and expenditure as at 31 December 2022 is as follows: Rental Received for May- September 2022 Rental received for November - January 2023 Deposit (refundable) Deposit for electricity, water and telephone) Payment: Annual quit rent and assessment Fire insurance Repair and maintenance Installation of kitchen cabinet Installation of air condition RM 15000 9000 3000 700 1,350 1,470 1200 13,000 2,400 She has a fixed deposit in CIMB Berhad and received interest income of RM1,350. During her spare time, she writes books on Malaysia Foods and received royalty income of RM42,000 from her books. Additional Information: 1. Encik Mikhael were blessed with 4 children from his marriage. The details of his children were as follow: Suhail - 23 years, studying at University of London. In 2021, he worked as a part time waiter in the university cafeteria and earned RM5,850. • Raisya - 21 years, studying fulltime at UiTM Cawangan Melaka. She got married in 2019 but was divorced in 2020. She still needs financial support from Encik Mikhael for her education. • Aisya (disable child) - 18 years, study at UiTM Shah Alam. Mira - 15 years old, studying in Sekolah Menengah Puncak Alam . Notes: 1) Encik Mikhael claimed for child relief - Suhail and Raisya 2) Puan Azra claimed for child relief - Aisya and Mira. 2. Encik Mikhael paid for the following expenses: i. RM600 for complete medical examination on himself ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 3. II. E III. iv. V. vi. vii. VIII. ix. X. II. ... E III. 8 RM600 to purchase a wheelchair for his handicapped daughter. Paid Covid19 vaccination at a private hospital for him and his wife amounted to RM250. He also incurred RM400 to purchase Covid19 test kit. AC/JAN2023/TAX467/PROJECT Bought online magazine worth RM1,200 per annum and an Iphone amounted to RM6,500. Puan Nur Azra made the following payments: i. Donation (cash) to: a. Institute Jantung Negara RM5,200 b. Unapproved institution RM1,800 RM200 per month deposited into SSPN-i Pluss package (Berlian) for Aisya. Insurance premiums: a. Life insurance policy for himself amounting to RM500 per months b. Education insurance policy for Mira amounting to RM200 per month. Pay zakat and Wakaf Donation to Selangor Religious Department amounting to RM30,000 and RM10,000 respectively. Payment of RM850 for registration fee for bowling game competition (approved by commissioner of sports under the Sport Development Act 1997). Incurred cost of dental treatment for his mother. Total amount paid was RM5,000 which include RM1,000 for tooth extraction. Encik Mikhael is experiencing mental health issues as a result of the Covid19 epidemic. He sought the advice of a psychiatrist who was licensed by the Malaysian Medical Council under the Mental Health Act of 2001. He spent RM 550 on the consulting costs. Donation (BIK) to: a. donation of hamper goods worth RM3,000 to an old folks home, an approved institution b. Contribute 4 wheelchairs to Hospital Selayang worth RM2,400. Purchase a life insurance policy for Aisya, paying a premium amounting to E III. iv. V. vi. Purchase a life insurance policy for Aisya, paying a premium amounting to RM3,200 per annum. Purchase books and tablet for personal used (with receipt) worth RM 1,250 and RM1,550 respectively. Puan Azra subscribed Celcome unlimited data plan since 2020 and he need to pay RM158 per month for the plan. Encik Mikhael and his family go to a vacation in Sarawak in May 2022. Puan Azra paid for tourism packages that include tour guide services, food and beverage and transportation amounting to RM2,500. The following are personal information of Encik Mikhael, his business and his wife, Puan Nur Azra Sofea as well as the information related to them for the year of assessment 2022: Mikhael bin Hassan Full Name I/C No. Tax Reference No.: OG 01234567239 Business Information for Encik Mikhael Name of Business : Daisy Catering Enterprise Business Code 47300 Type of Business Business Premise Premise Tel. No. Premise Email Bank and Acc. No. Mikhael bin Hassan : 750122035355 food catering : 6-1, Jalan Puncak Alam Jaya 13, Pusat Perdagangan, Bandar Puncak Alam, 42300, Selangor. : 03-60382333 Daiycateringenterprise@gmail.com : Malayan Banking Berhad - 0123456345876 Nur Azra Sofea binti Ahmad Radzhi Wife Full Name Wife I/C No. Position Employer Ref. No. : Nur Azra Sofea binti Ahmad Radzhi : 790405105689 : SG 012345677676 Tax Reference No. Telephone Number: 019-2133235 Bank and Acc. No.: Malayan Banking Berhad - 0123454443331 Email Employer name azrasofea@gmail.com : Daisy Catering Enterpraise Marketing Manager :E 9876543420 Required: Part A: Computation of Personal Tax Liability Prepare the following computation: a. Capital allowance of Daisy Catering Enterprise for all the relevant years of assessment up to year of assessment 2022; (10 marks) b. Statutory Business Income of Daisy Catering Enterprise for the year assessment 2022; (20 marks) c. Total income of Encik Mikhael and Puan Nur Azra for the year of Assessment 2022 and; ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 10 AC/JAN2023/TAX467/PROJECT (20 marks) d. Income tax payable / tax refund in respect of Encik Mikhael and Puan Nur Azra for the year of assessment 2022. (10 marks) Notes: Show all workings Part B: Filing in Tax Return Complete the 2022 Form e-B and e-BE in respect of Encik Mikhael and Puan Nur Azra. (20 marks) (Total: 80 marks) Encik Mikhael is a government servant, retired optionally on 31 March 2022 at the age of 50. His income from the government service for the year ended 31 December 2022 was as follows: Salary from January - March Pension from April - December RM 12,000 9,000 In 2022, Encik Mikhael also received interest income of RM1,500 from government bond. In addition, he also received dividend (single tier) of RM4,475 from Best Solution Berhad. He obtained a loan to invest in Best Solution Berhad for which he paid RM287 per month, where RM237 represent principal payment, starting from February 2022 On 1 July 2022, his close friend, Encik Khairul set up a business in Putrajaya, Karisma Budi Sdn Bhd. Encik Khairul appointed Encik Mikhael as a director of the company who owned 25% of the company's shares. Encik Mikhael was given the following remuneration and benefits: a Monthly director fees of RM5,000 b. Travelling allowance of RM800 per month c. A new company car costing RM120.000 was purchased and provided to Encik Mikhael together with a driver from 1 September 2022. d. For the month of July 2022, Encik Mikhael was provided with accommodation in a hotel with daily rate of RM200. On 1 August, he moved into a house provided by the company with a monthly rental of RM3000, He used his own furniture for the house. e. The company also provided him with a servant and a gardener with a monthly salary of RM600 and RM300 respectively, effective from 1 August 2022, 1. Encik Mikhael and his wife, Puan Azra went for a holiday to Perth, Australia where the following expenses were paid by Karisma Budi Sdn Bhd: Air Fares including insurance RM2.700 Hotel Accommodation RM 12.500 7,100 Encik Mikhael also an owner of Daisy Catering Enterprise, a food catering business in Subang Jaya, Selangor. Below is the statement of profit or losses of his business for the year ended 31 December 2022: Daisy Catering Enterprise Statement of Profit or Loss for the year ended 31 December 2022 Sales Less: cost of sales Gross profit Add: other income Less: Operating expenses Salaries, bonus and EPF Rental Utilities Fees and donations Medical expenses Bad debts Entertainment Expenses Repairs and maintenance Depreciation Motor Vehicle expenses Training Expenses Net profit Note 1 2 3 6771445E 8 9 10 11 12 RM 263,504 42,000 12,000 5,800 17,430 12,420 44,100 35,700 17,800 24,000 21,576 RM 1,120,000 (457,130) 662,870 56,200 719,070 (496,330) 222,740 Notes to the accounts: Included in cost of goods sold was RM33,500 worth of goods taken by the owner for personal consumption. The market value of these goods was RM48,000. The transaction has recorded in cost of sales. 1. 2. Other income consists of: ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL Dividend Gain on sale of delivery van Rental received RM CONFIDENTIAL AC/JAN2023/TAX467/PROJECT 16,000 16,200 24,000 56,200 3. 4. 5. 6. Salary, bonus and EPF Owner Normal Employees Disable Employee Salary RM 48,000 144,000 14,400 206,400 Bonus RM Utilities expenses: Only 35% of the expenses was related to the business 8,000 24,000 2,400 EPF RM 34,400 22,704 Note: one of the normal employees is Aryan, an ex-drug who had undergone treatment and rehabilitation pursuant to the Drug Dependants Act 1983 and is registered with the National Anti-Drugs Agency (MyAADK system). He was paid a total remuneration of RM16,800. Fees and donation comprise of: Donations of books to state library of Selangor (Section 34(6)(g) Translation fees for Korean pastry book into Bahasa Malaysia approved by Dewan Bahasa and Pustaka Contribution of business zakat to Majlis Agama Islam Selangor Entrance fees to Persatuan Usahawan Bumiputra Selangor 5,280 15,840 1,584 Rental received comprise of: Encik Mikhael rented a three-storey shop house. He used the first and second floors for his business and occupied the third floor with his family. The Inland Revenue Board agreed that 70% of the rent is for business purposes. RM 2,780 2,000 720 300 5,800 7. 8. 9. Medical Expenses comprise of: Wheel chairs for disable employee Medical Expenses of other employees Encik Mikhael's Medical Expenses Bad Debts comprise of: Loan to ex-employee written off Trade debts written off Increase in general provision for bad debt Entertainment Expenses Leave passage for employees to Cameron Highland (yearly event) ⒸHak Cipta Universiti Teknologi MARA 5,600 RM 500 12,930 4,000 17,430 RM 10,220 1,700 500 12,420 RM 29,300 CONFIDENTIAL CONFIDENTIAL Family day for Employees Entertaining Business Clients 50 11. Motor Vehicle Expenses Repainting Puan Aiza's car Repairs cost for Delivery Van AC/JAN2023/TAX467/PROJECT 10. Repair and maintenance comprise of: Repairs of rice cooker used in the Encik Mikhael's house Renovation of business kitchen Repairs of premises broken roof 12. Participate in PROTEGE-Ready To Work (RTW) Programme by conducting the training program for unemployed graduates. 11,800 3000 44,100 RM 700 23,700 11,300 35,700 RM 2,500 21,500 24.000 21,576 There was an unabsorbed capital allowance from the previous year amounting to RM3,568. The following are non-current assets listing for Daisy Catering Enterprise: Assets Particulars Delivery Van A van used for delivery of goods to customers was acquired for RM155,000. On 28 September 2022, it was traded in with a new delivery van. Air conditioner Computer with printer ⒸHak Cipta Universiti Teknologi MARA Date Acquired 1 Feb 2019 1 June 2021 1 January 2022 The details pertaining to the new van were as follows: • • • • Cost: RM130,000 Cash Deposit: RM30,000 Trade-in value of the delivery van: RM 60,000 Installment payment: RM1625 for 40 months installment: First October 2022 1 It was agreed that only 70% of the usage for each van was for business used. 2 units of air conditions of RM 2,350 each is paid by cash. The asset was acquired for RM5,800. The computer was found to unsuitable after 3 months of usage. CONFIDENTIAL CONFIDENTIAL Furniture and Fittings 6 1 January 2020 AC/JAN2023/TAX467/PROJECT It was disposed off at RM5,000 on April 2022. The IRB accepted the reason for the disposal. He brought into the business a furniture and fittings which has been acquired for personal used on 1 January 2020. The market value on the date of transfer was RM3,100 and the net book value was RM2,900. In February 2022, the asset has been sold for RM2,200. The business's total tax paid by Encik Mikhael via the Form CP500 tax installment scheme for the year of assessment 2022 is RM26,400 Nur Azra Sofea binti Ahmad Radzhi Encik Mikhael's spouse, Puan Azra is a manager of Daisy Catering Enterprise since May 2010. Details of her remuneration are as follows: . Net Salary: Salary (monthly) Allowance Gross Income Less: Contribution to EPF Saving in Tabung Haji Zakat Monthly Tax Deduction Net Income RM 6,500 1,300 7,800 748 200 500 700 5,652 Bonus equivalent to two (2) month's salary Monthly travelling and entertainment allowance were of RM2,000 and RM1,500 respectively. She incurred entertainment allowance or RM10,000 in for entertaining the company's suppliers and customers. A brand-new car costing RM98,000 was provided by the company since 2011. • She received parking allowance amounted to RM200 per month. ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL AC/JAN2023/TAX467/PROJECT She incurred RM650 for her dental treatments in 2022 and the expenses were paid by the company. • The company also employed a maid with a salary of RM900 per month for Puan Azra. . 7 She acquired an apartment in Cheras, Kuala Lumpur in February 2022 for RM550,000 and rented out the property from 1 May 2022 with a monthly rental of RM3,000. The statement of rental and expenditure as at 31 December 2022 is as follows: Rental Received for May- September 2022 Rental received for November - January 2023 Deposit (refundable) Deposit for electricity, water and telephone) Payment: Annual quit rent and assessment Fire insurance Repair and maintenance Installation of kitchen cabinet Installation of air condition RM 15000 9000 3000 700 1,350 1,470 1200 13,000 2,400 She has a fixed deposit in CIMB Berhad and received interest income of RM1,350. During her spare time, she writes books on Malaysia Foods and received royalty income of RM42,000 from her books. Additional Information: 1. Encik Mikhael were blessed with 4 children from his marriage. The details of his children were as follow: Suhail - 23 years, studying at University of London. In 2021, he worked as a part time waiter in the university cafeteria and earned RM5,850. • Raisya - 21 years, studying fulltime at UiTM Cawangan Melaka. She got married in 2019 but was divorced in 2020. She still needs financial support from Encik Mikhael for her education. • Aisya (disable child) - 18 years, study at UiTM Shah Alam. Mira - 15 years old, studying in Sekolah Menengah Puncak Alam . Notes: 1) Encik Mikhael claimed for child relief - Suhail and Raisya 2) Puan Azra claimed for child relief - Aisya and Mira. 2. Encik Mikhael paid for the following expenses: i. RM600 for complete medical examination on himself ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 3. II. E III. iv. V. vi. vii. VIII. ix. X. II. ... E III. 8 RM600 to purchase a wheelchair for his handicapped daughter. Paid Covid19 vaccination at a private hospital for him and his wife amounted to RM250. He also incurred RM400 to purchase Covid19 test kit. AC/JAN2023/TAX467/PROJECT Bought online magazine worth RM1,200 per annum and an Iphone amounted to RM6,500. Puan Nur Azra made the following payments: i. Donation (cash) to: a. Institute Jantung Negara RM5,200 b. Unapproved institution RM1,800 RM200 per month deposited into SSPN-i Pluss package (Berlian) for Aisya. Insurance premiums: a. Life insurance policy for himself amounting to RM500 per months b. Education insurance policy for Mira amounting to RM200 per month. Pay zakat and Wakaf Donation to Selangor Religious Department amounting to RM30,000 and RM10,000 respectively. Payment of RM850 for registration fee for bowling game competition (approved by commissioner of sports under the Sport Development Act 1997). Incurred cost of dental treatment for his mother. Total amount paid was RM5,000 which include RM1,000 for tooth extraction. Encik Mikhael is experiencing mental health issues as a result of the Covid19 epidemic. He sought the advice of a psychiatrist who was licensed by the Malaysian Medical Council under the Mental Health Act of 2001. He spent RM 550 on the consulting costs. Donation (BIK) to: a. donation of hamper goods worth RM3,000 to an old folks home, an approved institution b. Contribute 4 wheelchairs to Hospital Selayang worth RM2,400. Purchase a life insurance policy for Aisya, paying a premium amounting to E III. iv. V. vi. Purchase a life insurance policy for Aisya, paying a premium amounting to RM3,200 per annum. Purchase books and tablet for personal used (with receipt) worth RM 1,250 and RM1,550 respectively. Puan Azra subscribed Celcome unlimited data plan since 2020 and he need to pay RM158 per month for the plan. Encik Mikhael and his family go to a vacation in Sarawak in May 2022. Puan Azra paid for tourism packages that include tour guide services, food and beverage and transportation amounting to RM2,500. The following are personal information of Encik Mikhael, his business and his wife, Puan Nur Azra Sofea as well as the information related to them for the year of assessment 2022: Mikhael bin Hassan Full Name I/C No. Tax Reference No.: OG 01234567239 Business Information for Encik Mikhael Name of Business : Daisy Catering Enterprise Business Code 47300 Type of Business Business Premise Premise Tel. No. Premise Email Bank and Acc. No. Mikhael bin Hassan : 750122035355 food catering : 6-1, Jalan Puncak Alam Jaya 13, Pusat Perdagangan, Bandar Puncak Alam, 42300, Selangor. : 03-60382333 Daiycateringenterprise@gmail.com : Malayan Banking Berhad - 0123456345876 Nur Azra Sofea binti Ahmad Radzhi Wife Full Name Wife I/C No. Position Employer Ref. No. : Nur Azra Sofea binti Ahmad Radzhi : 790405105689 : SG 012345677676 Tax Reference No. Telephone Number: 019-2133235 Bank and Acc. No.: Malayan Banking Berhad - 0123454443331 Email Employer name azrasofea@gmail.com : Daisy Catering Enterpraise Marketing Manager :E 9876543420 Required: Part A: Computation of Personal Tax Liability Prepare the following computation: a. Capital allowance of Daisy Catering Enterprise for all the relevant years of assessment up to year of assessment 2022; (10 marks) b. Statutory Business Income of Daisy Catering Enterprise for the year assessment 2022; (20 marks) c. Total income of Encik Mikhael and Puan Nur Azra for the year of Assessment 2022 and; ⒸHak Cipta Universiti Teknologi MARA CONFIDENTIAL CONFIDENTIAL 10 AC/JAN2023/TAX467/PROJECT (20 marks) d. Income tax payable / tax refund in respect of Encik Mikhael and Puan Nur Azra for the year of assessment 2022. (10 marks) Notes: Show all workings Part B: Filing in Tax Return Complete the 2022 Form e-B and e-BE in respect of Encik Mikhael and Puan Nur Azra. (20 marks) (Total: 80 marks)

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