Question 1(21 marks) Mr Pang is the financial controller of AA Ltd, a company incorporated and carrying on business in Hong Kong. He is also a shareholder BB Ltd, which is also a Hong Kong company and is a wholly owned subsidiary of AA Ltd. You have been supplied with the following information regarding the year of assessment 2015/16: (1) Annual Salary: $1,500,000 (2) Bonus: $300,000 (3) Dividend: $15,000 (4) Mr Pang took a 8-day business trip to London and Mrs Pang travelled with him. AA Ltd paid the following expenses in connection with the trip: Mr Pang Mrs Pang $12.000 $12,000 Flight by British Airways Hotel $22.000 No extra cost Meals $25,000 $25,000 Local tour in London Nil $3,000 (5) Mr Pang earned a gain on share options of $495,000. (6) Mr Pang rented a flat for his residence at a monthly rent of $22,000. His employer refunded $18,000 to him upon production of tenancy agreement and rental receipts. (7) At the annual dinner of AA Ltd on 30 September 2015, he won a cash coupon of $3,000 in the lucky draw. Question 1(21 marks) Mr Pang is the financial controller of AA Ltd, a company incorporated and carrying on business in Hong Kong. He is also a shareholder BB Ltd, which is also a Hong Kong company and is a wholly owned subsidiary of AA Ltd. You have been supplied with the following information regarding the year of assessment 2015/16: (1) Annual Salary: $1,500,000 (2) Bonus: $300,000 (3) Dividend: $15,000 (4) Mr Pang took a 8-day business trip to London and Mrs Pang travelled with him. AA Ltd paid the following expenses in connection with the trip: Mr Pang Mrs Pang $12.000 $12,000 Flight by British Airways Hotel $22.000 No extra cost Meals $25,000 $25,000 Local tour in London Nil $3,000 (5) Mr Pang earned a gain on share options of $495,000. (6) Mr Pang rented a flat for his residence at a monthly rent of $22,000. His employer refunded $18,000 to him upon production of tenancy agreement and rental receipts. (7) At the annual dinner of AA Ltd on 30 September 2015, he won a cash coupon of $3,000 in the lucky draw