Question
Jean, a 40-year-old Singapore citizen, was provided with the following employment income and benefits for the year 2020: (i) Monthly salary of $4,000. (ii) 2020
Jean, a 40-year-old Singapore citizen, was provided with the following employment income and benefits for the year 2020:
(i) Monthly salary of $4,000.
(ii) 2020 contractual bonus of $8,000.
Jean is single and entitled to earned income relief of $1,000. Jean contributed to the Central Provident Fund based on the statutory limits. Calculate Jean's minimum chargeable income for the Year of Assessment 2021.
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