In 2020, JungKook earns RM 12,000 monthly. He has four children, and his wife is a housewife. He contributes 11% monthly to EPF from his gross salary and RM150 monthly for his life insurance, He paid RM200 monthly for his medical. He bought a new laptop for RM4000 for one of his children. His eldest child is studying in a university, his second child is handicapped in secondary school, his third child is in primary and his youngest is in kindergarten. Calculate his tax payable for the assessment year 2021.

In 2020, JungKook earns RM 12,000 monthly. He has four children, and his wife is a housewife. He contributes 11% monthly to EPF from his gross salary and RM150 monthly for his life insurance, He paid RM200 monthly for his medical. He bought a new laptop for RM4000 for one of his children. His eldest child is studying in a university, his second child is handicapped in secondary school, his third child is in primary and his youngest is in kindergarten. Calculate his tax payable for the assessment year 2021.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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