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QUESTION 1 (20 MARKS) Jafri and Hazel are married with five children. Jafri is working in construction, while Hazel is part time tuition teacher. Hazel

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QUESTION 1 (20 MARKS) Jafri and Hazel are married with five children. Jafri is working in construction, while Hazel is part time tuition teacher. Hazel has discussed with Jafri that she is planning to go back to work, but the job requires her to have an MBA. Hazel has already enrolled in an MBA class which will start next month. Their first child is 25 and currently working. Their second son is furthering his degree in a university in Australia. They have adopted twins who are furthering their foundation in a local college. The last child is still in secondary school. The company that Jafri works at deducts RM500 for PCB every month. In two months time, the youngest child will undergo an operation for an serious disease and will require Jafri to purchase a wheelchair at a value of RM2,500. As part of saving for education, the couple have managed to save maintain a savings of RM4,400 for each children kept in Skim Simpanan Pendidikan Nasional and have never withdrawn the money. Annually the family would pay RM4,000 for zakat. Below are additional information for them to do their tax and the tax rate. Malavsia Personal Income Tax Rate 2020 Refer to the tax rate table above. i. In your opinion, should they choose combined or separate assessment for their income tax? Explain. (3 marks) ii. Prepare the family's taxable income (10marks) iii. Determine the family's total tax payable (7 marks) QUESTION 1 (20 MARKS) Jafri and Hazel are married with five children. Jafri is working in construction, while Hazel is part time tuition teacher. Hazel has discussed with Jafri that she is planning to go back to work, but the job requires her to have an MBA. Hazel has already enrolled in an MBA class which will start next month. Their first child is 25 and currently working. Their second son is furthering his degree in a university in Australia. They have adopted twins who are furthering their foundation in a local college. The last child is still in secondary school. The company that Jafri works at deducts RM500 for PCB every month. In two months time, the youngest child will undergo an operation for an serious disease and will require Jafri to purchase a wheelchair at a value of RM2,500. As part of saving for education, the couple have managed to save maintain a savings of RM4,400 for each children kept in Skim Simpanan Pendidikan Nasional and have never withdrawn the money. Annually the family would pay RM4,000 for zakat. Below are additional information for them to do their tax and the tax rate. Malavsia Personal Income Tax Rate 2020 Refer to the tax rate table above. i. In your opinion, should they choose combined or separate assessment for their income tax? Explain. (3 marks) ii. Prepare the family's taxable income (10marks) iii. Determine the family's total tax payable (7 marks)

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