SUBJECT: TAXATION

Pn Angeline has been working as the Chief of Finance at More Fun Sdn 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.

Pn Angeline received the following income and benefits from the company (the benefits are for the whole year, unless stated otherwise):

1. Pn 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.
2. From 1 May to 30 September 2019, the company decided to provide Pn Angeline with a company car, costing RM95,000, which she was required to share with another employee. For subsequent months onwards, Pn Angeline got to drive a new company car, costing RM146,000 solely for her own use.
3. Pn Angeline and her husband, Mr Joshua, travelled to Europe together with her parents in October 2019, at a cost of RM13,600. The air fare cost for one person is RM3,400 and is wholly paid for by the company.
4. In respect of Pn Angeline's holidays within Malaysia with her husband and their two children, More Fun Sdn Bhd also incurred the following expenses:

Cost of Air FareCost of Meals and Accommodation

Four local tripsRM800 per tripRM300 per trip

1. Unfurnished living accommodation is provided to Pn 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.
2. A domestic maid for Pn Angeline is employed by More Fun Sdn Bhd at a monthly salary of RM1,300 commencing from 1 April 2019.
3. More Fun Sdn 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.
4. Pn Angeline was given a sum of money as a congratulatory gift on her newborn baby in April 2019 amounting to RM1,500.
5. The company paid for Pn Angeline's fitness club membership fees, totaling RM24,000.
6. Pn Angeline sent her two sons to child care facilities as she received child care benefits costing RM4,200.

Required:

Compute theStatutory Employment Incomefor Pn Angeline for theyear of assessment 2019.

(25 Marks)