Question 1 (20 Marks) Encik Isyraf, a professional engineer has been working with Solid Rock Sdn Bhd since 1 July 2013 until he was retrenched on 31 December 2020. He was paid compensation for loss of employment. Encik Isyraf was married on 1 April 2020. His wife, Puan Irdina operates a handicraft business which reported the following results for the year ended 31 December 2020: RM RM Sales 316,000.00 Expenditure: Purchases 106,000.00 Shop rental 24,000.00.00 Salaries, EPF etc 36,000.00 Medical expenses for her parents 12,000.00 Cash donation to an approved institution 5,000.00 Depreciation 6,000.00 (189,000.00) Net profit 127,000.00 Note: Capital allowances for YA 2020 Unabsorbed losses brought forward from YA2019 4,000.00 22,000.00 Encik Isyraf legally adopted a handicapped child, aged 21 on 1 July 2020 and incurred an amount of RM7,500.00 in providing him with basic supporting equipment. The child is currently studying in Universiti Pendidikan Sultan Idris. The details of Encik Isyraf's remuneration from Solid Rock for the year ended 31 December 2020 are as follows: RM 120,000.00 24,000.00 79,000.00 Salary Bonus Compensation for loss of employment Unfurnished accommodation - Annual rental paid by employer - Annual leave passage Medical benefits Other information is as follows: 48,000.00 2,500.00 4,000.00 Encik Isyraf RM Puan Irdina RM 5175.00 Dividend income - Malaysian (single tier) Singapore (remitted on 4 April 2020) Tax exempt dividend 4,500.00 2,500.00 10,000.00 PAT3053: Zakat and Tax Planning 500.00 1,200.00 30,000.00 2,100.00 Interest income: fixed deposit with RHB Bank (15 months) Insurance policies: Life: - Capital sum insured Premium paid Medical: premium paid Annuity contract premium (from 1 January 2020) Maintenance expenses for handicapped child Annual subscription to Institute of Engineers EPF contribution 100,000.00 2,700.00 3,500.00 1,000.00 8,000.00 1,000.00 15,840.00 Required: Assuming Puan Irdina did not elect for joint assessment, compute the income tax payable of Encik Isyraf and Puan Irdina for the year of assessment 2020. [20 Marks/ Question 1 (20 Marks) Encik Isyraf, a professional engineer has been working with Solid Rock Sdn Bhd since 1 July 2013 until he was retrenched on 31 December 2020. He was paid compensation for loss of employment. Encik Isyraf was married on 1 April 2020. His wife, Puan Irdina operates a handicraft business which reported the following results for the year ended 31 December 2020: RM RM Sales 316,000.00 Expenditure: Purchases 106,000.00 Shop rental 24,000.00.00 Salaries, EPF etc 36,000.00 Medical expenses for her parents 12,000.00 Cash donation to an approved institution 5,000.00 Depreciation 6,000.00 (189,000.00) Net profit 127,000.00 Note: Capital allowances for YA 2020 Unabsorbed losses brought forward from YA2019 4,000.00 22,000.00 Encik Isyraf legally adopted a handicapped child, aged 21 on 1 July 2020 and incurred an amount of RM7,500.00 in providing him with basic supporting equipment. The child is currently studying in Universiti Pendidikan Sultan Idris. The details of Encik Isyraf's remuneration from Solid Rock for the year ended 31 December 2020 are as follows: RM 120,000.00 24,000.00 79,000.00 Salary Bonus Compensation for loss of employment Unfurnished accommodation - Annual rental paid by employer - Annual leave passage Medical benefits Other information is as follows: 48,000.00 2,500.00 4,000.00 Encik Isyraf RM Puan Irdina RM 5175.00 Dividend income - Malaysian (single tier) Singapore (remitted on 4 April 2020) Tax exempt dividend 4,500.00 2,500.00 10,000.00 PAT3053: Zakat and Tax Planning 500.00 1,200.00 30,000.00 2,100.00 Interest income: fixed deposit with RHB Bank (15 months) Insurance policies: Life: - Capital sum insured Premium paid Medical: premium paid Annuity contract premium (from 1 January 2020) Maintenance expenses for handicapped child Annual subscription to Institute of Engineers EPF contribution 100,000.00 2,700.00 3,500.00 1,000.00 8,000.00 1,000.00 15,840.00 Required: Assuming Puan Irdina did not elect for joint assessment, compute the income tax payable of Encik Isyraf and Puan Irdina for the year of assessment 2020. [20 Marks/