Zaki and Zakiah have been married for 20 years and have 3 children, Zain 18 years old
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Question:
Besides the house that they are staying in now, the couple has 2 other apartments that they are renting out for RM800 each per month. In addition, the couple listed their assets with the current value as follows: Al Wadiah Account in Bank Islam RM55,000. Gold bar 130 grams (24k gold) Jewelleries that Zakiah wears 400gram (24k gold) Public Islamic Unit Trust RM16,000 Maybank Shares RM35,000 Islamic REIT RM12,000 Tabung Haji RM40,000
Required:1) Using an online zakat calculator, calculate the Zakat on income and other zakat assuming that they are working in Selangor.
Related Book For
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
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