Compute the statutory income of Malik for the year

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Reference no: EM132749594

Question - Malik is a general manager of Good Luck Sdn. Bhd. (GLSB) in Petaling Jaya. The annual cost to the company for his remuneration package in 2019 is as follows:

Salary 84,000

Bonus 6,000

Travelling allowance 24,000

Entertainment allowance 7,200

Reimbursement of gardener's salary 14,400

Driver employed by GLSB at a monthly salary of RM1,500 18,000

Medical bills 1,200

Cost of leave passage to Sabah 2,000

Cost of leave passage to New Zealand 5,000

Rental of unfurnished living accommodation 40,000

Required -

1. Compute the statutory income of Malik for the year of assessment 2019.

2. Explain the tax implication if GLSB employed the gardener and the domestic servant and provide the benefits-in-kind to Malik.

Reference no: EM132749594

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