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2. Jaja, Jiji and Juju are partners in a firm. They agreed to divide profit or loss equally and accounting period ended on 31 Dec

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2. Jaja, Jiji and Juju are partners in a firm. They agreed to divide profit or loss equally and accounting period ended on 31 Dec every year. On 1 Oct 2006, they changed to allocate profit or loss in proportion of 2:2:1. The partners income up to 30 Sept 2006 were as follows: Jaja (RM) Jiji (RM) Juju (RM) Salary(p.a) 40 000 40 000 30 000 Interest on capital (p.a) 5 000 7 000 4 000 From Oct 1, 2003, they agreed to change the following terms Jaja (RM) Jiji (RM) Juju (RM) Salary (p.a) 55 000 55 000 70 000 Interest on capital (p.a) 5 000 17 000 4 000 The provisional adjusted income for the year ended Dec 31, 2006 were RM460 000. The capital allowance in respect of the partnership assets were RM70 000. The partnership made a cash donation of RM9 000 to approved institution on January 2006. Required: Compute the statutory income for each partners for YA 2006

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