Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salmi is single and a tax resident of Malaysia. She has been employed as a bank executive since 1 January 2021 at a monthly salary

Salmi is single and a tax resident of Malaysia. She has been employed as a bank executive since 1 January 2021 at a monthly salary of RM3,500. Her monthly payslips show there were deductions of RM385 per month for contributions to the employees' provident fund (EPF). During the year 2021, Salmi also derived monthly rental income of RM2,200, net of allowable expenses, from a property which was given to her by her father two years ago. In 2021, Salmi bought a laptop computer for her personal use for RM1,360 and a smart phone for RM3,000. 


Compute the income tax payable by Salmi for the year of assessment 2021.

Step by Step Solution

3.34 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

To compute the income tax payable by Salmi for the year of assessment 2021 we need to calculate her total income deductible expenses and tax reliefs 1 ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Federal Taxation 2016 Comprehensive

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

29th Edition

134104374, 978-0134104379

More Books

Students also viewed these Law questions