Question 2 Mt Jack is a director of a company from which he receives a salary of RM15.000 per month He
also received director's fees of RM5.000 during the year ended 31 December 2020 The
benefits provided to him included:
a Accommodation for which the company pays monthly rental of RM5 000 include
RM1,500 for the furniture
b. Employer's contribution to the Employee's Provident Fund of 13% of salary
c. A company new car costing RM150.000
d. A part-time gardener who is paid RM400 per month
A domestic servant who is paid RM500 per month
f Leave passage to Japan for Mr Jack and his family and the company paid RM5.000 for
their air fait
Mc Jack also received the following Malaysian income during the year ended 31 December
2020
a
Interest income of RM3.800 from a 15-month fixed deposit in a Maaysian bank
b Royalties of RM22 500 from the publisher of his book on taxation
c. Rental income of R12 500 per month. He also paid assessment and out rent of
RM1,350 per annum as well as cost of repairs amounting to RM4500 made up of
repainting (RM1,000) and extension of the kitchen RM3.500)
Mr Jack's wife earns a salary of RM6 200 per month. She is allowed to make use of a company
car (cost RM82 000) during office hours but is not allowed to drive it home She also has
interest income of RM850 from her savings account with Bank Simpanan Nasional She made a
cash donation of RM2 500 to an approved institution as well as donated books worth RM200
to the same institution
Required: Compute the aggregate income for by Mr Jack and his wife for the year of
assessment 2020 separate assessment)​