Question 2 Mr. Wong, a sole trader carrying on an IT service commence his business on 1 July 2017. However in 2019, he changes his financial year to start from 1 January. Details of his business profits are as follows: Year End 30 June 2018 31 December 2018 31 December 2019 31 December 2020 Adjusted Income (RM000) 65 32 74 80 Mr. Wong business income and other relevant income for the year 2020 was as follows: Source of income. RM'000 Business Income; Adjusted Income Capital Allowance 80 8 Rental Income; Gross Rental Insurance Expense Interest Expense 24 2 12 Interest Income: Interest on investment income 5 Required: (a) What is Mr. Wong basis period and adjusted income for YA 2018, 2019 and 2020? (9 marks) (b) Compute Mr. Wong aggregate income for YA 2020. (5 marks) (c) In YA 2020, Mr. Wong made a donation of RM 7,500 to an approved institution. How much is can he claimed for donation? (3 marks) (d) What is failure year and the special rule for basis period under the PR No. 8/2014? (8 marks) [Total: 25 marks]