a. C. Alisha, aged 42, was appointed as general manager of UMI Takaful Sdn Bhd since 10 February 2012. However, due to Covid-19 pandemic that affected the businesses in Malaysia, Alisha was terminated from her employment on 30 November 2020. The company paid her RM140,000 as compensation for the loss of employment and she withdrew RM250,000 from an unapproved fund whereby 60% of the fund was contributed by her employer. Her remuneration and benefits received until 30 November 2020 are as follows: A monthly salary of RM9,000 before deducting EPF at the rate of 11% b. A monthly entertainment allowance of RM1,000 but she only spent 50% of the allowance to entertain the company's clients. A monthly petrol allowance for official duties of RM500 and parking fees allowance of RM120 d. A car costing RM250,000 with a driver were provided by the company since 2014 e. A fully furnished bungalow with a rental value of RM2,000 (excluding cost of furniture RM700 per month) was provided until 30 November 2020. Alisha paid RM400 as monthly rental for the bungalow. Alisha employed a servant and paid salary of RM800 per month. The amount is later reimbursed by her employer. 9. Alisha obtained a housing loan amounted to RM400,000 on 1 January 2020. The interest on loan of 3% per annum was subsidised by her employer. h. In February 2020, she was provided with leave passage to Melbourne, Australia. The expenses include cost of air fares of RM3,500. The company also paid for her meals and accommodation amounted to RM5,000. The company paid for her corporate membership of RM200 per month in Regent Golf Club. 1 The company paid for her dental treatment of RM300. Required: Compute the statutory employment income from employment for Alisha for the year of assessment 2020 (Total: 14 marks) a. C. Alisha, aged 42, was appointed as general manager of UMI Takaful Sdn Bhd since 10 February 2012. However, due to Covid-19 pandemic that affected the businesses in Malaysia, Alisha was terminated from her employment on 30 November 2020. The company paid her RM140,000 as compensation for the loss of employment and she withdrew RM250,000 from an unapproved fund whereby 60% of the fund was contributed by her employer. Her remuneration and benefits received until 30 November 2020 are as follows: A monthly salary of RM9,000 before deducting EPF at the rate of 11% b. A monthly entertainment allowance of RM1,000 but she only spent 50% of the allowance to entertain the company's clients. A monthly petrol allowance for official duties of RM500 and parking fees allowance of RM120 d. A car costing RM250,000 with a driver were provided by the company since 2014 e. A fully furnished bungalow with a rental value of RM2,000 (excluding cost of furniture RM700 per month) was provided until 30 November 2020. Alisha paid RM400 as monthly rental for the bungalow. Alisha employed a servant and paid salary of RM800 per month. The amount is later reimbursed by her employer. 9. Alisha obtained a housing loan amounted to RM400,000 on 1 January 2020. The interest on loan of 3% per annum was subsidised by her employer. h. In February 2020, she was provided with leave passage to Melbourne, Australia. The expenses include cost of air fares of RM3,500. The company also paid for her meals and accommodation amounted to RM5,000. The company paid for her corporate membership of RM200 per month in Regent Golf Club. 1 The company paid for her dental treatment of RM300. Required: Compute the statutory employment income from employment for Alisha for the year of assessment 2020 (Total: 14 marks)
