3. Amir's financial and personal position for the tax year 2017 are as follows: His salary working as a private high school economics teacher was RM4,950 per month. He also worked part-time as a taxi driver, earning an average of RM580 per month. He owned 6000 units of VC (a listed company) shares which the price increased from RM0.85 to RM1.20 per unit during that year. He sold 3000 units of the shares at RM1.20. His employer gave him a health insurance benefit RM350 a month. He lived in his own apartment with estimated rental of RM1000 per month. (20 points) (a) Derive his comprehensive income as per Haig-Simon definition. (7 points) (b) Derive his gross (total) income under the Malaysian income tax system. (7 points) (c) Assuming no deductions and exemptions, compute his total tax payable to the government. (Use the enclosed tax rates) (6 points) Resident individuals - Effective from the year of assessment 2002, the income tax rates for resident individuals are as follows: Rates(%) Taxable income (RM) Up to 2500 More than 2500 to 5000 More than 5000 to 20000 More than 20000 t 35000 More than 35000 to 50000 More than 50000 to 70000 More than 70000 to 100000 More than 100000 to 250000 More than 250000 7 . 7