| Category | Assignment | Subject | Accounting |
|---|---|---|---|
| University | Universiti Teknologi MARA (UiTM) | Module Title | TAX 467 Taxation 1 |
| Assessment Type | Group Project |
|---|---|
| Academic Year | 2025 |
Azim has been managing daily operations and business finances of his business, Triple-H Cafe in Georgetown, Penang since 2020. He is married to Cempaka, a Manager Hotel in D’Ocean Resort Penang. Both Azim and Cempaka are tax residents of Malaysia.
| Notes | RM | RM |
|---|---|---|
| Sales | 680,000 | |
| Less: Cost of sales | 1 | (230,000) |
| Gross Profit | 450,000 | |
| Add: Other income | 2 | 25,000 |
| 475,000 | ||
| Less: Operating expenses: | ||
| Depreciation | 11,300 | |
| Remunerations | 3 | 130,200 |
| Bad debts | 4 | 4,350 |
| Entertainment | 5 | 29,350 |
| Donations and contributions | 6 | 47,800 |
| Fees | 7 | 6,170 |
| Rent expenses | 8 | 24,600 |
| Repair and maintenance | 9 | 26,800 |
| (280,570) | ||
| Net profit | 194,430 |
Note 1: Cost Of Sales
During the year, Azim conducted a birthday party for his daughter using services provided by Triple-H Cafe worth RM3,000 (market price RM3,500). This transaction was not recorded.
Note 2: Other Income
| Compensation from supplier due to late delivery | 8,800 |
| Interest from Bank Islam Berhad fixed deposit | 8,700 |
| Gain on disposal of delivery van | 7,500 |
| Total other income | 25,000 |
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| Azim bin Ahmad | Cempaka binti Roslan | |
|---|---|---|
| IC Number | 750112-08-5893 | 800622-10-2410 |
| Tax Reference Number | IG11500202145 | IG115002021458 |
| Bank Account | Hong Leong Berhad 012345567810 | Alliance Bank 012566792120 |
Complete the 2024 Form e-B and e-BE for Azim and Cempaka.
Hafiz and his wife, Alia, are both working professionals in Malaysia. Hafiz works as a marketing manager with an annual income of RM85,000. Meanwhile, Alia is a part-time lecturer earning RM36,000 annually. The couple has two children and is considering electing for joint assessment for the year of assessment 2024. However, they are unsure how the tax payable would be computed under joint assessment and whether it would offer any tax savings compared to separate assessment. They are also uncertain about the tax reliefs and rebates they may be eligible for as a married couple with children. Design a video infographic explaining the computation of tax payable for joint assessment in Malaysia. Your explanation must cover the following:
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