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Taxation II

Tutorial $1$

Taxation System in Malaysia

Application Questions

Prepare the taxable charges for the following situation:

a$)$ Halim Sdn Bhd is a shipping company. In $2022,$ the paid$-$up capital share

is worth RM $10$ million. During that year, the profit earn by the company is

RM$1\mathrm{.}7$ million and the chargeable income is RM$1\mathrm{.}2$ million.

b$)$ Liyana Sdn Bhd just started a business in fast food industry. The paid$-$up

share capital is RM $1,800,000.$ On the first year of business, the company

earn net profit amounted RM$900,000.$ The company also have tax relief

amounted RM $30,000.$

Calculate the net salary $($per month$)$ for the following situation:

a$)$ Ahmad is an employee that earn gross salary amounted RM$85,000$ per

year. He already served the company for $10$ years, and this year, he is $50$

years old.

b$)$ Aminah is an employee that earn gross salary amounted to RM$3,500$ per

month. In the year $2022,$ she is $62$ years old.

c$)$ Rahman is an employee that have been working for $38$ years in the

company. He started working at the age of $23.$ In $2022,$ the gross salary

received by him is worth RM $15,000$ per month.

d$)$ Jazley is a fresh graduate employee with age of $23$ years old. He just started

working for the company and the company paid RM$3,800$ as the salary for

him.