TAXATION1

3,000 600 4,000 Computer (worth) Cash Dividend income Digi Bhd (Single Tier System) Translation fees received from Ministry of Education Interest from RM120,000 savings account each in Public Bank Berhad 19,320 37,300 12,200 4,200 4,200 (i) Required: Compute the income tax payable, if any, by Jared and Carla for year of assessment 2021. Carla did not elect for joint assessment under section 45(2) of the ITA. It is assumed that all child reliefs are to be given to Jared under section 48(1) Income Tax Act 1967. (22 marks) (ii) List three (3) benefits of Jared and Carla opting for separate assessment instead of joint assessment. (3 marks) 3,000 600 4,000 Computer (worth) Cash Dividend income Digi Bhd (Single Tier System) Translation fees received from Ministry of Education Interest from RM120,000 savings account each in Public Bank Berhad 19,320 37,300 12,200 4,200 4,200 (i) Required: Compute the income tax payable, if any, by Jared and Carla for year of assessment 2021. Carla did not elect for joint assessment under section 45(2) of the ITA. It is assumed that all child reliefs are to be given to Jared under section 48(1) Income Tax Act 1967. (22 marks) (ii) List three (3) benefits of Jared and Carla opting for separate assessment instead of joint assessment