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malaysian taxation Question 4 a) Chong's employer paid him an overseas leave passage cost for travel to New Zealand under a packaged tour in the
malaysian taxation
Question 4 a) Chong's employer paid him an overseas leave passage cost for travel to New Zealand under a packaged tour in the year 2012. The air fare and accommodation for the trip amounted to RM5,000. Required: Explain the tax treatment for Chong and his employer in respect to the air fare and accommodation expenses. (5 marks) b) i. Tan's annual income for 2012 are as follow: Salary: RM60,000 (EPF contribution is 10%) Local Bank Interest: RM1,000 Rental Income: RM10,000 Required: Compute the chargeable income and tax payable for Tan for YA2012. (10 marks) ii. Ali and his wife made the following EPF contribution and insurance premium payment in 2012: Ali - EPF: RM3,000 & Insurance Premium: RM7,000 Wife - EPF: RM4,000 & Insurance Premium: RM 500 Number of children below 18-years old : 4 Required: Compute the total relief for Ali and his wife for the YA2012 under both joint and separate assessment. The wife has made an election to claim child relief (10 marks) [Total: 25 Marks Step by Step Solution
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