QUESTION $1$

Mahmud passed away on $31$ December $2022$ and upon his death, Mahmud Trust was created under

the terms of his will for his four children and his widow, Marina. The trust body and all the

beneficiaries are resident for tax purpose in the basis year $2023.$

Below is the information pertaining to the trust:

The trust's distributable income $($before accumulation$)$ for the basis year $2023$ is RM$80,000.$

One quarter $(\frac{1}{4})$ of the trust body's income is to be distributed to his first child and the

balance is to be distributed between his second and third child at the discretion of the trustees.

An amount of RM$500$ per month is to be accumulated for his fourth child until the child

reaches the age of $21$ in $2025.$

An annuity of RM$625$ per month is payable to his widow, Marina.

Relevant information of the trust body for the year ended $31$ December $2023$ is as follows:

Payments made by the trust body during the year $2023$ are as follows:

REQUIRED:

Compute the chargeable income and income tax liability of the trust body for the year of

assessment $2023.$ Please indicate "NIL" where no adjustment is required.

Compute the statutory income of all the beneficiaries for the year of assessment $2023.$