SUBJECT : TAXATION

Pa Angeline has been working as the Chief of Finance at More Fun Sdo. Bhd, since January 2012. She owns 2% of the company's share capital. Her income comprises of a monthly salary of RM7,488 (after deducting 11% of EPF and RM255 for zakat) and a traveling allowance of RM2,500 per month. Effective July 2019, her monthly gross salary was restructured to RM10,000. On 30 November 2019, at the age of 49, the company terminated her employment due to ill- health. The company granted her a gratuity payment and a compensation for loss of employment amounting to RM81,000 and RM56,000 respectively. Pa Angeline received the following income and benefits from the company (the benefits are for the whole year, unless stated otherwise): a) En Angeline was not provided with a company car. However, the company allows her to apply for a reimbursement of the salary for the driver she employed. The reimbursement made to her amounted to RM4,400. b) From 1 May to 30 ptember 2019, the company decided to provide Pa Angeline with a company car, costing RM95,000, which she was required to share with another employee. For subsequent months onwards, en Angeline got to drive a new company car, costing RM146,000 solely for her own use. c) Pa Angeline and her husband, Mc Joshua, travelled to Europe together with her parents in October 2019, at a cost of RM13,500. The air fare cost for one person is RM3,400 and is wholly paid for by the company. d) In respect of Ba Angeline's holidays within Malaysia with her husband and their two children, More Fun Sdo Bhd also incurred the following expenses: Cost of Air Fare Cost of Meals and Accommodation Four local trips RM800 per trip RM300 per trip e) Unfurnished living accommodation is provided to Pa Angeline from 1 March 2019 to 30 November 2019 at a cost of RM4,200 per month. She was however, required by the company to contribute a sum of RM250 per month for the maintenance of the accommodation, commencing from 1 May 2019. f) A domestic maid for en Angeline is employed by More Fun Sdo Bhd at a monthly salary of RM1,300 commencing from 1 April 2019. g) More Fun Sdo Bhd paid insurance premiums to cover Pn Angeline in the event of a mishap, amounting to RM2,200. Her husband is the beneficiary of the policy. h) Pn Angeline was given a sum of money as a congratulatory gift on her newborn baby in April 2019 amounting to RM1,500. i) The company paid for Pa Angeline's fitness club membership fees, totaling RM24,000. i) Ba Angeline sent her two sons to child care facilities as she received child care benefits costing RM4,200. Required: Compute the Statutory Employment Income for Po Angeline for the year of assessment 2019. (25 Marks) Pa Angeline has been working as the Chief of Finance at More Fun Sdo. Bhd, since January 2012. She owns 2% of the company's share capital. Her income comprises of a monthly salary of RM7,488 (after deducting 11% of EPF and RM255 for zakat) and a traveling allowance of RM2,500 per month. Effective July 2019, her monthly gross salary was restructured to RM10,000. On 30 November 2019, at the age of 49, the company terminated her employment due to ill- health. The company granted her a gratuity payment and a compensation for loss of employment amounting to RM81,000 and RM56,000 respectively. Pa Angeline received the following income and benefits from the company (the benefits are for the whole year, unless stated otherwise): a) En Angeline was not provided with a company car. However, the company allows her to apply for a reimbursement of the salary for the driver she employed. The reimbursement made to her amounted to RM4,400. b) From 1 May to 30 ptember 2019, the company decided to provide Pa Angeline with a company car, costing RM95,000, which she was required to share with another employee. For subsequent months onwards, en Angeline got to drive a new company car, costing RM146,000 solely for her own use. c) Pa Angeline and her husband, Mc Joshua, travelled to Europe together with her parents in October 2019, at a cost of RM13,500. The air fare cost for one person is RM3,400 and is wholly paid for by the company. d) In respect of Ba Angeline's holidays within Malaysia with her husband and their two children, More Fun Sdo Bhd also incurred the following expenses: Cost of Air Fare Cost of Meals and Accommodation Four local trips RM800 per trip RM300 per trip e) Unfurnished living accommodation is provided to Pa Angeline from 1 March 2019 to 30 November 2019 at a cost of RM4,200 per month. She was however, required by the company to contribute a sum of RM250 per month for the maintenance of the accommodation, commencing from 1 May 2019. f) A domestic maid for en Angeline is employed by More Fun Sdo Bhd at a monthly salary of RM1,300 commencing from 1 April 2019. g) More Fun Sdo Bhd paid insurance premiums to cover Pn Angeline in the event of a mishap, amounting to RM2,200. Her husband is the beneficiary of the policy. h) Pn Angeline was given a sum of money as a congratulatory gift on her newborn baby in April 2019 amounting to RM1,500. i) The company paid for Pa Angeline's fitness club membership fees, totaling RM24,000. i) Ba Angeline sent her two sons to child care facilities as she received child care benefits costing RM4,200. Required: Compute the Statutory Employment Income for Po Angeline for the year of assessment 2019. (25 Marks)