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Crystal Chen derived interest income in year 2022 from the following sources: (i) Interest income of $2,000 from loan to friend in Singapore. (ii) Interest

image text in transcribed Crystal Chen derived interest income in year 2022 from the following sources: (i) Interest income of $2,000 from loan to friend in Singapore. (ii) Interest income of $10,000 from a fixed deposit placement with an approved bank in Singapore. (iii) Interest income of $6,000 from a fixed deposit placement with a bank tax resident in Country K; the interest remained in the bank account outside Singapore. (iv) Interest income of $4,000 from a bank tax resident in Country L and which was remitted to Singapore in year 2022. What is the interest income chargeable to tax in Singapore? $12,000. $2,000. $18,000. $22,000

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