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please help me this principle malaysia taxation NOTE: I ONLY 55 MINUTES TO ANSWER PLEASE BE IN HURRY THANK YOU. QUESTION 3 (15 MARKS: 45

please help me this principle malaysia taxation

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NOTE: I ONLY 55 MINUTES TO ANSWER PLEASE BE IN HURRY THANK YOU.

QUESTION 3 (15 MARKS: 45 MINUTES) Azalia work as a Senior Designer at a multinational graphic design company, Rise Berhad. Azalia joined the company right after she graduated from a famous design academy in the United States of America in June 2014. Since then, Azalia has been climbing the career ladder starting as a Junior Designer and were being promoted to Senior Designer in October 2020. Securing a big tender for the company in 2021, Azalia was being promoted again as Chief Design Officer (CDO) in 1 June 2021. Following are the details of incomes and benefits Azalia received from Rise Berhad for the year 2021: 1. A monthly salary of RM8,800 after EPF deduction of 11% as Senior Designer, and RM15,400 after EPF deduction of 11% as CDO. 2. RM1,000 per month for travelling expenses, in which she claims 80% are for official purpose. She also receives RM500 allowance per month for parking. 3. She receives two months gross salary as bonus in 2021 for her excellent performance in 2020. 4. Rise Berhad rewarded her RM10,000 as appreciation for winning the Best Designer Award in 2021. 5. Rise Berhad also paid her income tax RM16,000 for the year 2020. 6. The company granted an option for Azalia to buy the company's shares at RM5 per share in 2019 (capped at 2,000 unit), where the market value of the share at that time was RM9. In November 2021, Azalia decided to exercise the option when the market price has already gone up to RM11 per share. 7. Azalia was given credit card facility and the amount she spent for the year was RM100,000. She claimed that 70% of the usage is for company's clients and official duties. The annual membership fee for the card was RM350. 8. Rise Berhad sponsored Azalia, her husband, and their two children to a vacation in Redang Island, Payar Island, Labuan and Melaka in 2021 which cost RM6,000 for each trips. 9. The company paid kindergarten fees for Azalia's daughter amounting to RM800 per month. 10. As a CDO, Azalia was provided with a house (bungalow) by the company completes with furniture and fittings as well as full fledge electrical appliances. The rental fee of the house was paid by Rise Berhad amounting to RM4,000 per month, inclusive of furniture rental of RM1,500. However, Azalia only moves to the house in November as she needs time to move her things from her old house. The company also hired a gardener and maid for Azalia to get her comfortable in the new house. The salary for the maid and gardener were RM1,200 each. 11. Rise Berhad also provides Azalia free high-speed internet for her accommodation to accommodate work from home and her kids online learning. The subscription is under Azalia's name amounting RM1,200 for the year 2021. 12. A total utility bills of RM10,000 for the house was also being paid by the company. 13. Rise Berhad contributed to an unapproved fund under Azalia's name amounting to RM150,000. However, Azalia did not withdraw the money. 14. Azalia was provided a new Honda car as Senior Dessigner which cost RM120,000. When she was promoted to CDO, the company provides her with a reconditioned A- Class Mercedez Benz that cost RM350,000 if it is new. 15. Azalia also received medical and dental benefits amounting to RM5,000 for herself and her family. Azalia uses 90% of the allocation in 2021. REQUIRED: Compute the aggregate income for Azalia for the year of assessment 2021. List all items and indicate "NIL for non-taxable-income or non-allowable expenses. Please round the answers to nearest figure. (15 Marks) QUESTION 3 (15 MARKS: 45 MINUTES) Azalia work as a Senior Designer at a multinational graphic design company, Rise Berhad. Azalia joined the company right after she graduated from a famous design academy in the United States of America in June 2014. Since then, Azalia has been climbing the career ladder starting as a Junior Designer and were being promoted to Senior Designer in October 2020. Securing a big tender for the company in 2021, Azalia was being promoted again as Chief Design Officer (CDO) in 1 June 2021. Following are the details of incomes and benefits Azalia received from Rise Berhad for the year 2021: 1. A monthly salary of RM8,800 after EPF deduction of 11% as Senior Designer, and RM15,400 after EPF deduction of 11% as CDO. 2. RM1,000 per month for travelling expenses, in which she claims 80% are for official purpose. She also receives RM500 allowance per month for parking. 3. She receives two months gross salary as bonus in 2021 for her excellent performance in 2020. 4. Rise Berhad rewarded her RM10,000 as appreciation for winning the Best Designer Award in 2021. 5. Rise Berhad also paid her income tax RM16,000 for the year 2020. 6. The company granted an option for Azalia to buy the company's shares at RM5 per share in 2019 (capped at 2,000 unit), where the market value of the share at that time was RM9. In November 2021, Azalia decided to exercise the option when the market price has already gone up to RM11 per share. 7. Azalia was given credit card facility and the amount she spent for the year was RM100,000. She claimed that 70% of the usage is for company's clients and official duties. The annual membership fee for the card was RM350. 8. Rise Berhad sponsored Azalia, her husband, and their two children to a vacation in Redang Island, Payar Island, Labuan and Melaka in 2021 which cost RM6,000 for each trips. 9. The company paid kindergarten fees for Azalia's daughter amounting to RM800 per month. 10. As a CDO, Azalia was provided with a house (bungalow) by the company completes with furniture and fittings as well as full fledge electrical appliances. The rental fee of the house was paid by Rise Berhad amounting to RM4,000 per month, inclusive of furniture rental of RM1,500. However, Azalia only moves to the house in November as she needs time to move her things from her old house. The company also hired a gardener and maid for Azalia to get her comfortable in the new house. The salary for the maid and gardener were RM1,200 each. 11. Rise Berhad also provides Azalia free high-speed internet for her accommodation to accommodate work from home and her kids online learning. The subscription is under Azalia's name amounting RM1,200 for the year 2021. 12. A total utility bills of RM10,000 for the house was also being paid by the company. 13. Rise Berhad contributed to an unapproved fund under Azalia's name amounting to RM150,000. However, Azalia did not withdraw the money. 14. Azalia was provided a new Honda car as Senior Dessigner which cost RM120,000. When she was promoted to CDO, the company provides her with a reconditioned A- Class Mercedez Benz that cost RM350,000 if it is new. 15. Azalia also received medical and dental benefits amounting to RM5,000 for herself and her family. Azalia uses 90% of the allocation in 2021. REQUIRED: Compute the aggregate income for Azalia for the year of assessment 2021. List all items and indicate "NIL for non-taxable-income or non-allowable expenses. Please round the answers to nearest figure. (15 Marks)

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