Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jhope Sdn Bhd has been operating as a manufacturer of antique furniture since 1887. The paid-up capital as at 1.9.2021 is RM2 million. For
Jhope Sdn Bhd has been operating as a manufacturer of antique furniture since 1887. The paid-up capital as at 1.9.2021 is RM2 million. For the year ended 31.8.2022, the company submitted the following information: Particulars Business 1 - Manufacturing Adjusted loss Balancing charge Capital allowances - current year Unabsorbed capital allowance b/f Business 2 trading Gross income Expenditure (inclusive of donations to approved charitable institutions of RM3,000 and depreciation of RM8,000) Unabsorbed loss b/f Capital allowances - current year Balancing allowance Rental income Interest income Required: Compute the income tax payable for the YA 2022 Year ended 31.8.2022 RM (2,500) 10,000 5,000 1,500 90,000 60,000 (1,800) 65,000 4,000 6,000 3,000
Step by Step Solution
★★★★★
3.64 Rating (180 Votes )
There are 3 Steps involved in it
Step: 1
To compute the income tax payable for the year of assessment YA 2022 we need to calculate the ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started