company Mastura a resident, is employed as an engineer. On 30 September 2020. Mastura married Salam, who is certified as disabled by the relevant authorities and does not have any income. Mastura has a 21-year-old married daughter from a previous marriage and an 80- year-old mother who did not receive any income during 2020. Details of Mastura 's employment income and benefits and other income and payments for the year ended 2020 are as follows: Income and benefits from employment: - Monthly salary of RM20,000 Monthly entertainment allowance of RM2,000 Monthly parking allowance of RM100 Utility bills for the year in the name of the company of RM12,000, paid by her The company also provided her accommodation. Fully furnished furniture and the defined value RM45.000 as rated as current market value started 1st Jan 2020 On 1 July 2020, the company provided a car and incurred the following expenses: - Cost of the new car of RM180,000 Fuel of RM2,100 Payments/expenses: Entertainment expenses incurred on company's clients of RM9.000 Socso RM300 EPF contribution of RM26.000 Subscription of broadband for RM5,000 Gymnasium fees of RM3,000 University fees for her daughter's degree of RM11,000 Private Retirement Schemes (PRS) RM4,000 Purchase of a laptop of RM3,000 for convenience to work from home in September 2020. Note: You should state NIL' for any item in the question for which no adjusting entry needs to be made, including any relief or rebate, in the tax computation. Required: (a) Compute the income tax payable for Mastura for the year of assessment 2020. (20 marks) (b) You are a human resource executive, provide her with the following solutions: Date to notify the Inland Revenue Board if Mastura is leaving Malaysia. (2 marks) (11) Advise Mastura of the number of years to keep proper records. (1 mark) (ii) When will Mastura need to file her tax return? What if she has business income? (2 marks) [Totall: 25 Marks) company Mastura a resident, is employed as an engineer. On 30 September 2020. Mastura married Salam, who is certified as disabled by the relevant authorities and does not have any income. Mastura has a 21-year-old married daughter from a previous marriage and an 80- year-old mother who did not receive any income during 2020. Details of Mastura 's employment income and benefits and other income and payments for the year ended 2020 are as follows: Income and benefits from employment: - Monthly salary of RM20,000 Monthly entertainment allowance of RM2,000 Monthly parking allowance of RM100 Utility bills for the year in the name of the company of RM12,000, paid by her The company also provided her accommodation. Fully furnished furniture and the defined value RM45.000 as rated as current market value started 1st Jan 2020 On 1 July 2020, the company provided a car and incurred the following expenses: - Cost of the new car of RM180,000 Fuel of RM2,100 Payments/expenses: Entertainment expenses incurred on company's clients of RM9.000 Socso RM300 EPF contribution of RM26.000 Subscription of broadband for RM5,000 Gymnasium fees of RM3,000 University fees for her daughter's degree of RM11,000 Private Retirement Schemes (PRS) RM4,000 Purchase of a laptop of RM3,000 for convenience to work from home in September 2020. Note: You should state NIL' for any item in the question for which no adjusting entry needs to be made, including any relief or rebate, in the tax computation. Required: (a) Compute the income tax payable for Mastura for the year of assessment 2020. (20 marks) (b) You are a human resource executive, provide her with the following solutions: Date to notify the Inland Revenue Board if Mastura is leaving Malaysia. (2 marks) (11) Advise Mastura of the number of years to keep proper records. (1 mark) (ii) When will Mastura need to file her tax return? What if she has business income? (2 marks) [Totall: 25 Marks)
