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Assignment Description You are appointed as a tax agent to Mr. Randy and his wife, Ms. Kelly for the year of assessment 2020. Employment contract

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Assignment Description You are appointed as a tax agent to Mr. Randy and his wife, Ms. Kelly for the year of assessment 2020. Employment contract of Mr. Randy in Malaysia has ended on 30 June 2020. Before leaving the country, Mr. Randy and his wife need to get a certificate letter on tax clearance from Inland Revenue Board of Malaysia, at has the following patent of stays in Malaysia since 2016: Year of met Tate Remarks 2016 1 lay - 31 December In Malaysia 2017 17 September - 20 December 21 December 2017602 ary 2018 Celebrate Christmas is lakas Indonesia January 30 September 1 January - 31 December In Malaysia 6 January - 30 June Malaysia 2013 2019 2020 The details of employment income of Mr. Randy for year of assessment 202 are as follows: A monthly salary of RM30,000 and monthly tax deductions of RM1,500. A bonus equal to one month's gross salary. . Mr. Randy contributed 11% of his monthly salary towards the employees' provident fund (EPF). Reimbursements received from the company - Baker Hugh Sdn Bhd.: - taxi fares for business trips to clients and suppliers totalling RM2,300 for the year - and medical expense claims for the year totalling RM680 Domestic servant salary amounted to RM1,400/month A fully furnished accommodation for which Baker Hugh paid a monthly renta of RM4,500, including RM500 for furnishings. A car with cost of purchase, RM98,000 was provided to Mr. Randy. Mr. Randy paid the fuel expenses by using the company's credit card. Mr. Randy is required to entertain company clients and is provided with corporate membership at a local golf club for this purpose. The total entrance fee and monthly subscription paid by Baker Hugh on Mr. Randy's behalf i 2020 were RM8,000 and RM300 respectively. An overseas leave passage costing RM6,200 and the hotel and related expenditure for Mr. Randy's family amounting to RM4,580. Mr. Randy withdrew RM30,000 from an unapproved pension scheme, made up by Baker Hugh's contributions of RM21,000 and his own contributions o RM9,000 Other relevant information relating to Mr.Randy for YA 2020 are as follows: Mr. Randy donated RM25,000 to a healthcare facility approved by the relevant authorities for the purchase of equipment to treat Covid-19 patients. Mr. Randy paid RM8,000 as medical expenses for his wife, who is certified as having a serious disease. The payment is not claimable from the company. Due the increasing number of Covid-19 cases, Mr. Randy brought the whole family to do medical examination which cost him RM1,200. Mr. Randy and Ms. Kelly have four (4) children. The eldest is 25 years old married and stays in Jakarta, Indonesia. The second child is 22 years old pursuing Bachelor Degree in Malaysian Public University. The third child and the youngest are still in their secondary school. Monthly education fees for both children are RM2,000. Mr. Randy paid RM7,000 for his parents' medical treatment. Mr. Randy pursuing a Doctorate in Business Administration since 2018 on part time basis in a private university in Malaysia and he incurred fees amounting to RM6,000 in May 2020. Mr. Randy pays life assurance premium of RM800 per month. Ms. Kelly is a teacher, working at one of international school in Kuala Lumpur. Her monthly salary is RM4,500 per month with monthly tax deduction of RM200. Ms. Kelly bought a laptop for herself to start online classes, which costs her RM3,600. Books and magazines were bought with total of RM2,000 as at 30th June 2020 however only RM1,450 receipts can be retrieved. Required: (a) Discuss the resident status under section 7 of Income Tax Act 1967 to Mr. Randy and Ms. Kelly. (b) Explain the resident status of Mr. Randy and Ms. Kelly for the year of assessment 2020. (c) Discuss the advantages and disadvantages of gaining resident status. (d) Compute the tax payable of Mr. Randy & Ms. Kelly for the year of assessment 2020 if they agreed for a combined assessment

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