Malaysian income tax subject
Mr. Raja
i. He works as a senior officer at National Audit Department, Putrajaya since year 1990. He received RM8,200 per month as salary and RM300 for the monthly entertainment allowance. He retired on 31 August 2018, when his age is 55 years old.
ii. During his period of working with government, Mr. Raja has been provided with the following benefits:
b. Medical cost of RM8,700 for her son’s treatment in Hospital Serdang.
iii. He has been paid a gratuity amounting to RM200,000 upon his retirement.
iv. On 1 September 2018, he was employed as senior manager by an audit firm, PriceWaterhouseCooper (PwC) in Kuala Lumpur. His gross salary is RM10,340 per month. He is also entitled to a travelling allowance of RM100 per month.
Additional information:
i. Mr. Raja is suffered with a cancer and thus RM15,000 was incurred for his medical treatment (paid by Mrs. Kumari).
ii. Mrs. Kumari and Mr. Raja were blessed with three children.
iii. Both Mrs. Kumari and Mr. Raja purchased books and magazines worth RM1,600 and RM790 respectively.
iv. For the year 2018, Mrs. Kumari incurred the following expenses:
RM
Medical care treatment for her father, Mr. Suraj 7,400
Medical expenses for her mother in law 1,100
Deposit to National Educational Deposit Scheme (SSPN) 3,900
Type of policy Premium paid per annum
(RM)
Life Insurance for Mrs. Kumari 5,200
Life Insurance for Mr Raja 3,800
Insurance education for Arvind 4,200
v. For basis year 2018, Mrs. Kumari donated cash of RM1,500 to orphanage house, an approved institution.
vi. Mr. Raja donated cash of RM800 to the National Library, an approved institution.
Required:
a) Compute the income tax payable for the year of assessment 2018 for :
Malaysian income tax subject Mr. Raja i. He works as a senior officer at National...
MALAYSIAN TAX SUBJECT / Mr. Raja i He works as a senior officer at National Audit Department, Putrajaya since year 1990. He received RM8,200 per month as salary and RM300 for the monthly entertainment allowance. He retired on 31 August 2018, when his age is 55 years old. ii. During his period of working with government, Mr. Raja has been provided with the following benefits: a. A fully- furnished house with monthly rental of RM2,100 of which RM480 is for...
Mr. Donald Heffernan, a 35 years old account manager At Wells Fargo has gross annual income after all deductibles of $85,000. Mrs. Heffernan quit her job at Walmart to take care of their twin kids, Luke and Christine. So Mr. Heffernan is the only income earner at his house hold. Mr. Heffernan is filing income using the following "Married filing jointly" tax rate schedule. Taxable income over Not over Tax rate $0 18,450 10% 18,451 74,900 15% 74,901 151,200 25%...
Norman and Sarah who are married, are both Malaysian tax residents. They have an eight-year-old daughter, Misha. Details of Norman ’s employment income and amounts expended for the year of assessment (YA) 2018 are as follows: Salary for the year of RM60,000. Performance incentive of RM2,000 for YA 2019, paid on 3 March 2020. The use of a new car costing RM40,000 provided to him for the entire year without fuel. Social security contributions (SOCSO) of RM8,000. The minimum employment...
PUERTO RICAN CASE STUDY #2 Carmen Medina, aged 39, lives with her husband, Raúl, aged 43, who works as a mechanic in a small auto shop. Mr. Medina has worked in the same place since he and his wife came to the United States from Puerto Rico 15 years ago. The Medinas have a 4- year-old son, José; a 16-year-old daughter, Rosa; and an 18-year-old son, Miguel. The Medinas both attended vocational school after completing high school. Mrs. Medina is...
PUERTO RICAN CASE STUDY #2 Carmen Medina, aged 39, lives with her husband, Raúl, aged 43, who works as a mechanic in a small auto shop. Mr. Medina has worked in the same place since he and his wife came to the United States from Puerto Rico 15 years ago. The Medinas have a 4- year-old son, José; a 16-year-old daughter, Rosa; and an 18-year-old son, Miguel. The Medinas both attended vocational school after completing high school. Mrs. Medina is...
PUERTO RICAN CASE STUDY #2 Carmen Medina, aged 39, lives with her husband, Raúl, aged 43, who works as a mechanic in a small auto shop. Mr. Medina has worked in the same place since he and his wife came to the United States from Puerto Rico 15 years ago. The Medinas have a 4- year-old son, José; a 16-year-old daughter, Rosa; and an 18-year-old son, Miguel. The Medinas both attended vocational school after completing high school. Mrs. Medina is...
Geriatric Case Study Worksheet Case Study #1 Mr. S is a 79-year-old with multiple medical problems, but primarily suffering from heart disease. He is retaining fluid in his legs and feet, sometimes limiting his mobility. Mr. S has difficulty keeping his multiple medications organized and taking them as prescribed. He lives with his daughter, who is balancing the needs of her young family with her aging father. Mr. S hates burdening his daughter with his medical problems and tries to...
PUERTO RICAN CASE STUDY #2 Carmen Medina, aged 39, lives with her husband, Raúl, aged 43, who works as a mechanic in a small auto shop. Mr. Medina has worked in the same place since he and his wife came to the United States from Puerto Rico 15 years ago. The Medinas have a 4- year-old son, José; a 16-year-old daughter, Rosa; and an 18-year-old son, Miguel. The Medinas both attended vocational school after completing high school. Mrs. Medina is...
Mr. and Mrs. Sam Morris retired on February 10, 2020, and call you in for tax service. Both Sam and his wife Sarah have worked for many years. Sam is 65 years of age and his wife is 63. Facts: Dependent child: Age 21 Social security benefits 9080 Salaries: Sam (January 1-February 10) 9260 Sarah (January 1-February 10) 13370 Interest income: Port authority of N.Y. bonds 250 Interest from bank deposits 140 Corporate bonds 831 Highway bonds of Ohio 105...
Mr. and Mrs. Sam Morris retired on February 10, 2020, and call you in for tax service. Both Sam and his wife Sarah have worked for many years. Sam is 65 years of age and his wife is 63. Facts: Dependent child: Age 21 Social security benefits 9700 Salaries: Sam (January 1-February 10) 8850 Sarah (January 1-February 10) 13160 Interest income: Port authority of N.Y. bonds 290 Interest from bank deposits 140 Corporate bonds 893 Highway bonds of Ohio 104...