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K & Co, a partnership between Koh, Lee and Min, who contribute capital of RM40,000 each. The profit sharing ratio among Koh, Lee and Min

K & Co, a partnership between Koh, Lee and Min, who contribute capital of RM40,000 each. The profit sharing ratio among Koh, Lee and Min is 2:1:1

The following were included in arriving at net profitof RM100,000 for the year ended 31 December 2019 as follows:

Note RM RM
Investment in shares 4,000
Cash donation to approve organization 900
Non trade debtwritten off 10,000
Depreciation 5,000
Partners salary - Koh 84,000
Lee 60,000
Min 60,000
Interest on capital Koh 1,600
Lee 1,600
Min 1,600
Private expenses Koh 2,000
Lee 1,000

Note

Capital allowance for the partnership for the year 2019 is RM28,000

REQUIRED:

Compute the provisional adjusted income and divisible income of the partnership for the year ended 31 December 2019.

Compute the total income of each three partner for the year ended 31 December 2019

State the type of form, deadlineand the personresponsible to submitthe income tax return form to the Inland Revenue Board for the year of assessment 2019.

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