James and Carol are husband and wife. James is disabled. The income and expenses of James and Carol for the year ended 31 December 2021 are as follows: RM James Employment - Salary 35,000 Carol Partnernhip business - Statutory income 4,350 Employment - Salary 16,600 Travelling allowance 3,000 James incurred expenses as follows: Donation to an approved institution 2,600 Contributions to Employees Provident Fund 3,850 Medical examination for self 750 Medical expenses for his father 1,300 Fees for his partetime course in Islamic financing at a university in Kuala Lumpur, recognised by the Government 1,100 Carol incurred expenses as follows: Contributions to Employees Provident Fund 2,156 Medical expense on cancer treatment for herself 2,700 Medical expenses for her mother 900 Basic supporting equipment for her disabled father 3,600 Travelling expenses incurred in the course of her work 4,000 Required: Calculate tax payable for the YA2021 for: (a) Carol(Thiwya Sriee) (b) James, and (Kajendhiran)
James and Carol are husband and wife. James is disabled. The income and expenses of James and Carol for the year ended 31 December 2021 are as follows: RM James Employment - Salary 35,000 Carol Partnernhip business - Statutory income 4,350 Employment - Salary 16,600 Travelling allowance 3,000 James incurred expenses as follows: Donation to an approved institution 2,600 Contributions to Employees Provident Fund 3,850 Medical examination for self 750 Medical expenses for his father 1,300 Fees for his partetime course in Islamic financing at a university in Kuala Lumpur, recognised by the Government 1,100 Carol incurred expenses as follows: Contributions to Employees Provident Fund 2,156 Medical expense on cancer treatment for herself 2,700 Medical expenses for her mother 900 Basic supporting equipment for her disabled father 3,600 Travelling expenses incurred in the course of her work 4,000 Required: Calculate tax payable for the YA2021 for: (a) Carol(Thiwya Sriee) (b) James, and (Kajendhiran)
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 52CP: Mason Phillips, age 45, and his wife, Ruth, live at 230 Wood lane, Salt lake City, UT 84101. Masons...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT