Paul, a foreign individual, has been seconded to work in Singapore for a period of 600 days. His employer has granted him various options listed below. Which option would be most beneficial if his personal income tax rate back home is 30%, his country does not tax worldwide income, and he is paid SGD40,000 for every 60 days of work? To work for 600 continuous days over 3 calendar years with effect from 3rd September. To work for 600 continuous days over 3 calendar years with effect from 2hd December. To work for 600 continuous days over 3
Paul, a foreign individual, has been seconded to work in Singapore for a period of 600 days. His employer has granted him various options listed below. Which option would be most beneficial if his personal income tax rate back home is 30%, his country does not tax worldwide income, and he is paid SGD40,000 for every 60 days of work? To work for 600 continuous days over 3 calendar years with effect from 3rd September. To work for 600 continuous days over 3 calendar years with effect from 2hd December. To work for 600 continuous days over 3
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 33P
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Transcribed Image Text:Paul, a foreign individual, has been seconded
to work in Singapore for a period of 600 days.
His employer has granted him various options
listed below. Which option would be most
beneficial if his personal income tax rate back
home is 30%, his country does not tax
worldwide income, and he is paid SGD40,000
for every 60 days of work?
To work for 600 continuous days over 3
calendar years with effect from 3rd
September.
To work for 600 continuous days over 3
calendar years with effect from 2hd
December.
To work for 600 continuous days over 3
calendar years with effect from 2nd
November.
To work for 600 continuous days over 2
calendar years with effect from 3rd January.
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