Peter is employed by IBM Ltd as the companys accounting manager. During the year ended 31 March 2022, Peter was paid a salary of $910,000 and was provided with a hotel serviced apartment with one room by IBM Ltd. Peter is a member of the HK Jockey Club and ACCA for which he pays membership fees of $1,200 and $2,500 respectively.

What is Peters net assessable income for the year of assessment 2021/22?

Select one:

a.

$943,800.

b.

$996,250.

c.

$998,250.

d.

$942,552.