Question
Ms. Edwina is a government pensioner. To fill up her spare time, she writes book on Malaysian Taxation System and receives royalty income of RM6,000
Ms. Edwina is a government pensioner. To fill up her spare time, she writes book on Malaysian Taxation System and receives royalty income of RM6,000 from her books. In addition, she also receives RM13,000 translation fees on translation of literary works at the special request of the Ministry of Education. Apart from that she recorded a tape on patriotic songs for children and music for elementary schools. She received RM10,000 as royalties in respect of the recording of tapes.
Ms. Edwina also derived the following income for the year ended 2020:
| RM |
Annuity from his late fathers estate | 4,500 |
Malaysian dividend | 8,000 |
Foreign dividend (remitted to Malaysia) | 1,550 |
Interest from Malayan Banking Bhd for a 15 month fixed deposit | 3,300 |
Annuity from Malaysian Life Insurers | 2,000 |
Lottery winning | 500,000 |
Ms Edwina owns a terrace house in Cheras that are rented out for the first time. The rental income for the year amounted to RM6,550. The expenditure for the year of assessment 2020 is as follows: Advertising cost of obtaining first tenant (RM120), Housing loan interest (RM5,550), Insurance premium on fire (RM200), Cost of supervision and rental collection (RM300) and Repairs and Maintenance (RM330).
Based on the above information you are required to compute the income of Ms. Edwina for the year of assessment 2020.
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