1. Mr. Chan's employer gave him a share option in March last year to buy 10,000 shares in X Ltd for $5 each when the market price of the shares was $10.Mr. Chan exercised the share option in March this year when the market price of the shares was $15 each.He sold all the shares yesterday for $20 each.

What is the share option gain to be included in the assessable income?

Select one:

a.$200,000

b.$100,000

c.$150,000

d.$50,000

2.Which of the following payments made by tenant would NOT be included as consideration for property tax purposes?

Select one:

a.Rent.

b.Property tax.

c.Management fee.

d.Refundable deposit.

3.Arthur was seconded to work in Hong Kong since 1 April 2020 at an annual salary of $800,000.During the first six months he was provided with a two bedroom suite in a three star hotel in Wanchai until 30 September 2020.Arthur then moved to a flat in Repulse Bay and his rent was fully paid for by his employer.

Calculate the rental value to be included in his assessable income for the year of assessment 2020/21.

Select one:

a.$80,000

b.$72,000

c.$40,000

d.$56,000