Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a- Ms Marcela is working as an interior designer with Well Decoration Sdn Bhd. For the whole year of 2010, she receives the following income:
a- Ms Marcela is working as an interior designer with Well Decoration Sdn Bhd. For the whole year of 2010, she receives the following income: Salary RM6,350 per month (gross) Bonus RM15,000 A fully furnished house was provided, which has a defined value of RM 36,000 per annum (including RM 1,600 value of furniture). Calculate Ms Marcela's gross income from employment for the Year of Assessment 2010. b- Mr Joel is holding 25% shares of Silicon Sdn Bhd. He was appointed a director of the company in 1 July, 2002. For the year 2004, he was earning the following: Director fees Entertainment allowance Defined value for fully furnished house (Including value of furniture RM2,000 per annum) RM12,000 per month RM2,000 per month RM60,000 Calculate Mr Joel's gross income from employment for the Year of Assessment 2004. c- Encik Din received a net salary of RM3,560 per month after 11% EPF deduction. Thus, his gross salary per month will be RM4,000. Calculate his gross salary. d- Mr Xavier, a Canadian citizen and a resident exercised employment in Malaysia for the following periods. 12/12/2003 to 31/12/2003 1/1/2004 (holiday in Melaka) 2/1/2004 to 20/2/2004 20 days 1 day 50 days Determine whether his employment is subjected to Malaysian Tax. Explain
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started