1. For the past 9 years, Yusof has been serving as corporate advisor to a FEBRUARY 2021 For the past 9 years, Yusof Corp in Malaysia. The following is his the year assessment 2020 : - Monthly remunerations are as follows: - Basic salary of RM7, 000 . - Parking allowance of RM300. - Entertainment allowance of RM500. dusof spent RM4,500 of the allowance for client entertainment - Travelling allowance of RM1,000. 20% of the allowance is for travel from home to office. The remaining 80% is for business travels, which he actually - Reimbursement of domestic helper claim of RM200 per month. spent RM10,000 during the year. Monthly gym membership fees paid by the company amounting of RM150. - In March 2020 he received an innovative award with a gift of watch valued RM5,000. - Holiday package paid by the company to Istanbul in January 2020: - Flight and insurance for 4 family members RM8,900. - Hotel accommodation RM5,000. - A company car valued RM98,000 with fuel and driver was provided for the family personal usage during the year. Prescribed method is adopted by Yusof. - A fully furnished house is provided for him and family for 8 months during the year with the following information: - The defined value of the house rental price is RM2,500 including RM400 for the furniture. Utilities bill of the house paid by the company amounts RM1,000. - Yusof contributed RM500 per month for the value of the house rental to the employer. - The employer contribution to unapproved pension fund amounts RM50,000 and interest earned on the pension fund investmert amounts RM15,000. He withdrew the whole amount during the year. - In November 2020 Yusof was being terminated. He signed into an agreement with the company for not exposing the company's secrel to the competitor company for a compensation of RM100,000. 131 Compute the adjusted employment income for Yusof for the year assessment 2020. Indicate Nil/Exempt wherever relevant