a) Provide brief explanation on the nature of the following types of partners in their participations in partnership. Determine the section under the Income Tax Act 1967 which the income would be taxable.

i) Limited partner

ii) Sleeping partner

(2 markah/marks)

b) Mr. Shameer and Mrs. Shereen are partners in the partnership, carrying on a restaurant business. The partnership accounts for the year ended 31 December 2021 are as follows:

	RM
Jualan/Sales	460,390
Tolak: Kos Jualan/ Less: Cost of Sales	(205,000)
Keuntungan kasar/ Gross profit	255,390
Tolak: perbelanjaan/ Less: Expenditure
Gaji Shereen/ Shereen's salary	(66,000)
Faedah atas modal Shameer/ Shameers interest on capital	(9,000)
Faedah atas modal Shereen/ Shereen's interest on capital	(5,000)
Gaji pekerja/ Staff salaries	(115,038)
Susut Nilai/ Depreciation	(3,445)
Sewa premis/ Rental of premises	(18,000)
Utiliti/ Utilities	(32,352)
Derma tunai kepada MAKNA sebuah institusi yang diluluskan Cash donation to MAKNA an approved institution	(6,000)
Untung bersih bagi tahun berkenaan/Net profit for the year	555

The partnership agreement provides the following:

a) Partnership profit were shared as follows:

Shameer 2/5

Shereen 3/5

b) In the year 2021, the capital allowances for the partnership business amounted to RM61,500.

c) Unabsorbed business losses available to the individual partner are as follows:

Shameer RM 90,600

Shereen 22,400

Based on the information provided, you are required to:

i) Compute the partnership provisional adjusted income from business.

ii) Compute the divisible income from business of the partnership.

iii) Compute the total income of each partner for the year of assessment 2021.