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On 28/2/2021, Dr. Ali resigned from his work at one of the Jordanian universities after a service in the field of teaching. His wife is
On 28/2/2021, Dr. Ali resigned from his work at one of the Jordanian universities after a service in the field of teaching. His wife is resident and non-working. You are required to prepare an income tax return for him based on the following information: - His monthly salary is JD 3,400 - Monthly pension salary is JD 5,200 - He received EOSB against his service at the university is JD 160,000. It is divided into the following segmentations: - JD 75,000 for Ali services prior r to 1/1/2010 (up to 31/12/2009) - JD 60,000 dinars for his services from 1/1/2010 to 31/12/2014; and - JD 25,000 dinars for his services from 1/1/2015 to the end of service date. Instructions: A) Prepare the income tax return for Dr. Ali on 31/12/2021 Income tax return for the year ended 31/12/2021 3) After preparing the required income tax return for Dr. Ali on 31/12/2021, answer the following questions: 1- Total taxable income sources excluding EOSB for the year ended 31/12/2021 is: 2- Taxable income after deducting the granted exemptions for the year ended 31/12/2021 excluding EOSB is: 3- Tax Due from the taxable income sources for the year ended 31/12/2021 excluding EOSB is: 4. Tax balance of income tax for the year ended 31/12/2021 excluding EOSB is: 5. Taxable income of EOSB is: 6. Tax due of EOSB is: 7. Tax balance of both income tax and EOSB for the year ended 31/122021
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