Compute the tax liability for encik razali

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Reference no: EM133017185

Encik Razali, a professional accountant has been working with Titiwangsa Sdn. Bhd. since 1 August 2008 until he was terminated on 31 December 2015. He was paid compensation for loss ofemployment. The details of Encik Razali's remuneration from Titiwangsa Sdn. Bhd. for the year ended 31 December 2015 are as follows: Salary Bonus Compensation for loss of employment Unfurnished accommodation - rental paid by employer Annual leave passage (domestic) Medical benefits RM 120,000.00 24,000.00 67,000.00 48,000.00 2,500.00 4,000.00 Encik Razali legally adopted a handicapped child, aged 21 and incurred an amount of RM9,000.00 in providing him with basic supporting equipment. The child is currently studying in UPS!. His wife, Puan Rahmah operates a handicraft business which reported the following results for the year ended 31 December 2015: Sales (-) Expenditure: Purchases Shop rental Salaries Medical expenses for her parents Cash donation to an approved organization Depreciation RM RM 316,000.00 106,000.00 24,000.00 36,000.00 12,000.00 5,000.00 6,000.00 Net Profit (189,000.00) 127,000.00 Note: Capital allowances for the year of assessment 2015 are RM4,000.00. They have three children. The eldest, born 19 October 1991 and unmarried, is disabled. The second child, born 21 September 1994 studying in the USM in 2015 and married in the same year. The third child was born 17 July 1995 is studying A Level in London. Puan Rahmah elects to claim relief for their own child. [See nextpagePAT3033: Taxation Other information is as follows: Life takaful premium Medical takaful premium· Maintenance expenses on handicapped child Employees Provident Fund (KWSP) Cash donation to approved organization Zakat and fitrah Purchases of books and magazines Medical expenses

REQUIRED: Encik Razali (RM) 2,700.00 3,500.00 8,000.00 15,840.00 2,200.00 5,000.00 230.00 3 Puan Rahmah (RM) 2,100.00 1,000.00 3,000.00 200.00

a. Compute the tax liability for Encik Razali for the year of assessment 2015. [30marksJ b. Compute the tax liability for Puan Rahmah for the year of assessment 2015.

Reference no: EM133017185

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