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Miqdad was a senior broadcaster with TNews Network (TNN) Bhd before he exercised the option to resign (through Voluntary Separation Scheme) from the company on
Miqdad was a senior broadcaster with TNews Network (TNN) Bhd before he exercised the option to resign (through Voluntary Separation Scheme) from the company on 31 October 2022. He had been with TNN since 1 January 2007. His employment income for the year 2022 is as follows: Other benefits received by Miqdad during his employment are as follows: 1. Four (4) domestic holiday trips costing at RM4,000, RM7,200, RM10,600 and RM7,000 respectively. He was also given a free trip to Korea costing RM10,000. For all trips, both local and oversea, 20 percent of the cost is to cover cost of meals and accommodation. 2. Motorcar and fuel for his personal use. During the period of service in 2022 , the annual value of benefits was RM3,600 and RM1,200 respectively. 3. A driver with a monthly salary of RM3,000. 4. A gardener with a monthly salary of RM1,200. 5. A reimbursement of RM700 per month for a domestic helper that he hired for his family. 6. A fully furnished four-room bungalow which was rented by TNN for RM2,400 per month (inclusive of furniture at RM400). During his occupation, one room was not used but being reserved for TNN's clients/guests when necessary. He paid a monthly nominal rent of RM500 to TNN during his stay. REQUIRED: Determine Miqdad's adjusted employment income for the year of assessment 2022. Miqdad was a senior broadcaster with TNews Network (TNN) Bhd before he exercised the option to resign (through Voluntary Separation Scheme) from the company on 31 October 2022. He had been with TNN since 1 January 2007. His employment income for the year 2022 is as follows: Other benefits received by Miqdad during his employment are as follows: 1. Four (4) domestic holiday trips costing at RM4,000, RM7,200, RM10,600 and RM7,000 respectively. He was also given a free trip to Korea costing RM10,000. For all trips, both local and oversea, 20 percent of the cost is to cover cost of meals and accommodation. 2. Motorcar and fuel for his personal use. During the period of service in 2022 , the annual value of benefits was RM3,600 and RM1,200 respectively. 3. A driver with a monthly salary of RM3,000. 4. A gardener with a monthly salary of RM1,200. 5. A reimbursement of RM700 per month for a domestic helper that he hired for his family. 6. A fully furnished four-room bungalow which was rented by TNN for RM2,400 per month (inclusive of furniture at RM400). During his occupation, one room was not used but being reserved for TNN's clients/guests when necessary. He paid a monthly nominal rent of RM500 to TNN during his stay. REQUIRED: Determine Miqdad's adjusted employment income for the year of assessment 2022
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