Mr Chan, a US resident, is under a non-Hong Kong employment. He is required to look after the companys operations in Asian countries. He visited Hong Kong to exercise his duties on the following dates during the year ended 31 March 2019:

Arrived at Hong Kong Departed from Hong Kong

10 April 2018 24 April 2018

4 August 2018 25 August 2018

2 January 2019 26 January 2019

He has been taken annual leave of 15 days in Hong Kong during the above periods, and another 9 days in Taiwan. In determining the Hong Kong salaries tax liability for Mr Cheng, what is the Days-in-Days-out ratio for the year of assessment 2018/19?

Select one:

a. 44/341.

b. 59/365.

c. 47/365.

d. 62/365.

2)Henry Ltd is carrying on business in Hong Kong. It acquires funding from various sources in Hong Kong and makes investment in securities listed in overseas markets. Henry Ltd's directors carries out investment analysis in Hong Kong and instructs its overseas agents to execute the orders of purchase and sale in overseas stock exchange. During the year 2019/20, $10 million profits were derived from trading of these overseas listed securities.

Henry Ltd's assessable profits derived from trading of overseas listed securities for the year 2019/20:

Select one:

a. $10 million.

b. $3 million.

c. $5 million.

d. Nil.

3)HS Ltd commenced to employ Amy on 1 November 2019. If no tax return has been issued, HS Ltd and Amy are required to inform the Inland Revenue Department of their relevant obligations arising from the new employment by:

Select one:

a. 1 December 2019.

b. 1 February 2020.

c. 1 February 2020 and 31 July 2020 respectively.

d. 30 April 2020 and 30 June 2020 respectively.

4)Albert works for Best Ltd, a Hong Kong trading company, at a monthly salary of $50,000. On 1 May 2019, Albert married Anita. He received a gift voucher for a package tour to Malaysia from Best Ltd with a value of $12,000. The package tour was transferable and could be resold for $8,000. Best Ltd also paid $500 to take out a family travel insurance policy for Albert.

What is the amount of Alberts assessable income for the year of assessment 2019/20?

Select one:

a. $608,500.

b. $600,600.

c. $600,000.

d. $612,500.