Partnership Taxaton Malaysian Taion:Noes& Pracice Question 1 Amzari, Badrol and Chairil have incorporated their partnership business named ABC Partners since 2012. Their core business is supplying vending machine. Below are the Statement of Financial Performance for the year ended 31 December 2016: ABC Partners Statement of Financial Performnace for the year ended 31 December 2016 BM Income 33,000 Gross Income Salary & EPF Repair & Maintenance 195,000 10,000 5,000 79,500 Rental 5,000 Interest 7,500 4,000 Interest 61,000 210,000 Net Profit 210,000 Additional information: Information of partners: Chain (RM) 2,000 2,000 20,000 1,500 Capital Interest on Capital Profit sharing ratio (%) i) Repairs include the construction of exhibition space amounted RM 4,000. ii) The partnership purchased photocopy machine amounted RM 6,000 (cost) since 2015. Initial allowance is 2096 and annual allowance is 10%. You are required to: (a) Calculate divisible income of the partnership business for the year of assessment 2016 (b) Calculate aggregate income for each partner for the year of assessment 2016 19)