b) Puan Aina is currently a sales director of Gamuda Bina Sdn Bhd. She joined theinyear 2005. Puan Aina received the following are information in yearcompany2020:i.a monthly salary of RM25,000 andii.other benefits where company has agreed to pay his houseutilities expenses, his driver's and domestic help's salaries.On 15.11.2020, at the company's Annual Dinner, she received the following:iii.A gold bracelet costing RM5,500 for serving the company formore than 15 years, andiv.Letter of appreciation andCash gift of RM10,000 for successfully securing an importantV.contract for the company in October 2019. This award was made voluntarily by hisemployerDiscuss the tax treatment in respect of the above items received by Puan Aina fromthe company

Tax is a charge on taxable income. When-ever the income goes above the mentioned tax free income…

Answered: b) Puan Aina is currently a sales…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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