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Suria A Resident In Malaysia, Is A Managing Director At Suria & Family (Management) Sdn. Bhd. She reported the following incomes for the year assessment
Suria A Resident In Malaysia, Is A Managing Director At Suria & Family (Management) Sdn. Bhd. She reported the following incomes for the year assessment 2021:
Required :
Compute the aggregate income of Suria for the year assessment 2021.
1. Employment Income Income (per month): a. Salary b. Maid allowance Car allowance C. d. Housing allowance 2. Dividend a. Net dividend received from Sepakat Bhd. b. Net dividend remitted and received from an Australian company (after 30% company tax rate) 3. Interest 2 a. Interest received from Bon Simpanan Malaysia Annual hibah received from Tabung Haji account b. 4. Royalty a. Book publication entitled "Accounting for Dummies" b. Translation of book entitled "Cabaran Globalisasi Terhadap Pencukaian", at the request of Ministry of Higher Education Recording disc entitled "CorporateTax.com made Easy" C. RM 7,000 600 800 1,000 RM 1,250 700 RM 500 300 RM 30,000 22,000 10,000
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To calculate Surias income for the year assessment 2021 we need to add up the various sources of income and deduct any allowable expenses Lets break i...Get Instant Access to Expert-Tailored Solutions
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