(Answer) Past Year Dec18 and Jul17 FIN533 PDF

Title (Answer) Past Year Dec18 and Jul17 FIN533
Author Farah Amira Razak
Course Personal Financial Planning
Institution Universiti Teknologi MARA
Pages 4
File Size 129.7 KB
File Type PDF
Total Downloads 120
Total Views 262

Summary

TAX RETURNS 2017 for En Tajul and Pn Hezel. (Dec 2018)En Tajul Pn Hezel (RM) (RM) Aggregate Income Salary 180,000 108,Bonus 30,000 4, TOTAL AGGREGATE INCOME 210,000 112, Less: Donation 3,600 0 TOTAL ASSESSABLE INCOME 206,400 112,Less: Reliefs Individual 9,000 9,Parents 0 3, 2 nd child 8,000 0 3 rd c...


Description

TAX RETURNS 2017 for En Tajul and Pn Hezel. (Dec 2018)

Aggregate Income Salary Bonus TOTAL AGGREGATE INCOME Less: Donation TOTAL ASSESSABLE INCOME Less: Reliefs Individual Parents 2nd child 3rd child EPF per month + life insurance Medical Insurance Lifestyle magazine and books + notebook SSPN PRS Parents Med expenses

En Tajul (RM)

Pn Hezel (RM)

180,000

108,000

30,000 210,000

4,500 112,500

3,600 206,400

0 112,500

9,000 0

9,000 3,000

8,000

0

2,000

0

7,000

2,400

2,400

2,400

2,500

1,500

7,500 3,000

4,200 0

5,000

0

TOTAL RELIEFS

46,400

22,500

TOTAL CHARGEABLE INCOME

160,000

90,000

TAX COMPUTATION 1st RM100,000 / 1ST 70,000 Next RM60,000 X 24% / Next RM20,000 X 21%

10,900 14,400

4,600 4,200

GROSS TAX PAYABLE Less: Rebates Self Wife Zakat

25,300

8,800

0 0 8,000

0 0 3,000

NET TAX PAYABLE Less: MTD

20,300

5,800

5,400

4,450

TAX PAYABLE

14,900

1,350

Refer to tax rate schedule

Income Tax Payable 2016 for Puan Salasiah. (July 2017) Pn Salasiah (RM) Aggregate Income Salary Bonus Alimony TOTAL AGGREGATE INCOME Less: Donation TOTAL ASSESSABLE INCOME Less: Reliefs Individual EPF + Life insurance Child – Disabled child Basic supporting equipment for disabled child Medical examination for self Lifestyle computer + reading materials TOTAL RELIEFS TOTAL CHARGEABLE INCOME TAX COMPUTATION 1st RM70,000 Next RM28,500 X 21%

114,000 10,500 18,000 142,500 3,500 139,000

9,000 7,000 14,000 5,000 500 5,000 40,500 98,500 Refer to tax rate schedule 4,600 5,985

GROSS TAX PAYABLE Less: Rebates Zakat

10,585

NET TAX PAYABLE Less: MTD (750 X 12)

4,085 9,000

(TAX REFUND)

6,500

(4,985)

Income Tax Payable 2016 for En. Syamsul and Pn. Akma. -Join Assesssment- (Jan 2013)

En Syamsul & Pn Akma (RM) Aggregate Income Salary TOTAL AGGREGATE INCOME Less: Donation TOTAL ASSESSABLE INCOME Less: Reliefs Individual EPF + Life insurance Education fees Lifestyle: tennis racquets + laptop + treadmill + magazine Day care Child No. 1 & No. 2 SSPN Edu insurance TOTAL RELIEFS TOTAL CHARGEABLE INCOME TAX COMPUTATION 1st RM50,000 Next RM6,750 X 14%

98,000 98,000 450 97,550

9,000 7,000 5,000 5,000 3,000 4,000 4,800 3,000 40,800 56,750 Refer to tax rate schedule 1,800 945 2,745

GROSS TAX PAYABLE Less: Rebates Zakat

2,450

NET TAX PAYABLE Less: MTD

2,760

(TAX REFUND)

(2,465)...


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