Answers
Income tax computation in both the following cases:
a) When the driver is provided by the company
Gross Income = Income + House allowance + Transportation
Gross income = RM180,000 + RM60,000 = RM 240,000
Lets assume there is 28% income tax in malaysia in this income bracket.
Income tax would be = RM240,000*28% = RM67,200
Then, Net pay would be = RM 240,000- RM67,200 = RM172,800
b) When the reimbursement of the driver's salary amounting to RM15,600 per annum is given.
Gross Income = Income + House allowance + Transportation
Gross income = RM180,000 + RM60,000 +RM15,600 = RM 255,600
Lets assume there is 28% income tax in malaysia in this income bracket.
Income tax would be = RM255,600*28% = RM71,568
Then, Net pay would be = RM 255,600- RM71,568 = RM184,032
Conclusion - Ms Edriana should choose the second option from the tax perspective because net pay would be more in the second case.
.Similar Solved Questions
1 answer
A company’s capital consists of 100 000 ordinary shares issued at $2 and paid up to...
A company’s capital consists of 100 000 ordinary shares issued at $2 and paid up to $1 per share. On 1 September, a first call of 50c was made on the ordinary shares. By 30 September, the call money received amounted to $45 000. No further payments were received, and on 31 October, the shares ...
1 answer
A temperature gradient generally exists in rooms with high ceilings. Air ventilation creates a convection current...
A temperature gradient generally exists in rooms with high ceilings. Air ventilation creates a convection current to 'circulate' the air and either cool or heat it appropriately. Describe the temperature gradient of the air within a room by identifying the density differences, average kineti...
1 answer
0583 し5916 A44555 123456 Sales of Cool Man air conditioners have growe sthoudlly daring he paust...
0583 し5916 A44555 123456 Sales of Cool Man air conditioners have growe sthoudlly daring he paust 5 years as shown in the aftached table. The sales manager hod predicted, tetose e bui a 0.30 toanower the tollowing questions You may lso view this table ut tad, ht ye be 410 air Peae ne Question ...
1 answer
A sandwich shop owner takes a daily sample of six consecutive sandwich orders at a random...
A sandwich shop owner takes a daily sample of six consecutive sandwich orders at a random time during the lunch rush and records the time it takes to complete each order. Past experience indicates that the process mean should be μ = 80 seconds, and the process standard deviation should be σ...
1 answer
Physic Pick rallies of t lie uniform magnetic field strength, t he number of loops, and...
physic Pick rallies of t lie uniform magnetic field strength, t he number of loops, and t he area of the bops in an ac generator t hat would produce a peak voltage of 170 V. Assume t hat the loops are rotated in a magnetic field at a frequency of omega = 2 pi 60/s....
1 answer
Car Components has an inventory of 510 obsolete remote entry keys that are carried in inventory...
Car Components has an inventory of 510 obsolete remote entry keys that are carried in inventory at a manufacturing cost of $79,560. Production supervisor Sandy Johns must decide to do one of the following: • Process the inventory further at a cost of $20,000, with the expectation of selling it ...
1 answer
How do you solve the system of equations #5x - 10y = 20# and #y = - 2x + 6#?
How do you solve the system of equations #5x - 10y = 20# and #y = - 2x + 6#?...
1 answer
Membranes represent a relatively new technology for commercial gas separation. Among the various applications they have,...
Membranes represent a relatively new technology for commercial gas separation. Among the various applications they have, one that has caught the attention of the industrial sector is the separation of nitrogen and oxygen from the air. Suppose you pass through a separation membrane an air stream with...
1 answer
1.An assembly line with 28 activities is to be balanced. The total amount of time required...
1.An assembly line with 28 activities is to be balanced. The total amount of time required for all 28 activities is 39 minutes. The longest activity is 2.2 minutes and the shortest is 0.8 minutes. The line will operate for 450 minutes per day. What is the assembly line efficiency with 11 stations an...
1 answer
Asset utilization ratios measure the returns on various assets such as return on total assets. A....
Asset utilization ratios measure the returns on various assets such as return on total assets. A. True B. False A decreasing average collection period could be associated with A. increasing sales. B. decreasing sales. C. decreasing accounts receivable D. a and c. The main consideration in constructi...
1 answer
Only one answer is correct Let X1 , X2, . . . , X, be independent...
Only one answer is correct Let X1 , X2, . . . , X, be independent samples from a distribution with pdf fx (x) = estimator for θ? e--(X 0). which of the following is an unbiased o x...
1 answer
Using the equations; N₂ (g) + O₂ (g) → 2 NO (g) ∆H° = 180.6 kJ/mol...
Using the equations; N₂ (g) + O₂ (g) → 2 NO (g) ∆H° = 180.6 kJ/mol N₂ (g) + 3 H₂ (g) → 2 NH₃ (g) ∆H° = -91.8 kJ/mol 2 H₂ (g) + O₂ (g) → 2 H₂O (g) ∆H° = -483.7 kJ/mol Determine the enthalpy for the reaction 4...
1 answer
How much energy is evolved during the reaction of 48.7 g of Al, according to the reaction below
How much energy is evolved during the reaction of 48.7 g of Al, according to the reaction below? Assume that there is excess Fe2O3. Fe2O3(s) + 2 Al(s) → Al2O3(s) + 2 Fe(s), ΔH°rxn = -852 kJ...
2 answers
How do you simplify # (5y+3)/(y+2) - (2y-3)/(y+2)#?
How do you simplify # (5y+3)/(y+2) - (2y-3)/(y+2)#?...
1 answer
Please with short informations, step by step solve. :) Question-2 (25%) Consider the (nw) reaction of...
Please with short informations, step by step solve. :) Question-2 (25%) Consider the (nw) reaction of deuterium : D1 + n-T' + hv Determine the recoil kinetic energy of the outgoing tritium (in keV), given that the kinetic of the incoming neutron is negligible (i.e., a thermal neutron)...
1 answer
Please explain the concept behind this: Why D is the correct answer? 36. Considering 0.1 M...
Please explain the concept behind this: Why D is the correct answer? 36. Considering 0.1 M aqueous solutions of each of the following, which solution has the lowest pH? |(A) Na2CO3 (B) Na3PO4 (C) Na2S (D) NaC (E) CH2COONa...
1 answer
The Constructo Construction Company is a real estate developer and building contractor. The company has two...
The Constructo Construction Company is a real estate developer and building contractor. The company has two sources of long-term capital, debt and equity. The cost of issuing debt is the after-tax cost of the interest that relates to the debt. (Interest paid on debt is tax deductible.) The cost of t...