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)

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
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...
icon
Related questions
Question
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
Partnership 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 part-time 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
1
Required:
Calculate tax payable for the YA2021 for:
(a)
Carol(Thiwya Srie)
(b)
James; and (Kajendhiran)
Transcribed Image Text: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 Partnership 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 part-time 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 1 Required: Calculate tax payable for the YA2021 for: (a) Carol(Thiwya Srie) (b) James; and (Kajendhiran)
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage