Question 2 (Total: 15 marks) Stanley is a director (not a service director) of a controlled company, he is married with 2 sons, one of them is 6 years old and the other is 10 years old. He received the following income during the year 2020: RM Salary 60,000 per annum Director's fees 40,000 Entertainment allowance 1,000 per month Petrol allowance 500 per month Stanley lives with his family in a fully furnished house which was rented by the company at a monthly rate of RM3,000, no furniture provided. The company also provides him with a new Toyota Altis car (purchased at a price of RM130,000), fuel not included. He made the following claims in his income tax return: RM 6,600 3,600 1,200 2,750 Employee Provident Fund contribution Medical insurance for himself Life insurance for himself Petrol expenses in performing duties (no official receipts were kept) Entertainment expenses incurred to entertain clients Course fees for an online Masters Degree offered by University of London Fees paid to kindergarten for his younger son 9,000 14,000 4,800 Jasmine is Stanley's wife, she received income from her florist business and other sources during the year 2020: RM Statutory income from florist business 22,500 Gross rental from a house in Melaka for the whole 1,000 per month year Single-tier dividend from a local company 2,000 During the year she incurred the following outgoings: RM 400 1,200 25,000 Quit rent for the house in Melaka Assessment for the house in Melaka Donation of a dialysis machine to a kidney centre approved by the Ministry of Health, the value of the gift was certified by the Ministry of Health Medical insurance for herself 3,600 Stanley and Jasmine opted for separate assessment for YA2020. Required: Compute the tax payable for Stanley and Jasmine for the year of assessment 2020. (15 marks) Question 2 (Total: 15 marks) Stanley is a director (not a service director) of a controlled company, he is married with 2 sons, one of them is 6 years old and the other is 10 years old. He received the following income during the year 2020: RM Salary 60,000 per annum Director's fees 40,000 Entertainment allowance 1,000 per month Petrol allowance 500 per month Stanley lives with his family in a fully furnished house which was rented by the company at a monthly rate of RM3,000, no furniture provided. The company also provides him with a new Toyota Altis car (purchased at a price of RM130,000), fuel not included. He made the following claims in his income tax return: RM 6,600 3,600 1,200 2,750 Employee Provident Fund contribution Medical insurance for himself Life insurance for himself Petrol expenses in performing duties (no official receipts were kept) Entertainment expenses incurred to entertain clients Course fees for an online Masters Degree offered by University of London Fees paid to kindergarten for his younger son 9,000 14,000 4,800 Jasmine is Stanley's wife, she received income from her florist business and other sources during the year 2020: RM Statutory income from florist business 22,500 Gross rental from a house in Melaka for the whole 1,000 per month year Single-tier dividend from a local company 2,000 During the year she incurred the following outgoings: RM 400 1,200 25,000 Quit rent for the house in Melaka Assessment for the house in Melaka Donation of a dialysis machine to a kidney centre approved by the Ministry of Health, the value of the gift was certified by the Ministry of Health Medical insurance for herself 3,600 Stanley and Jasmine opted for separate assessment for YA2020. Required: Compute the tax payable for Stanley and Jasmine for the year of assessment 2020. (15 marks)
