Acca F6

revenue enhancement (Malaysia) Monday 1 declination 2008 cadence al unitedlyowed tuition and home field composing 15 proceeding 3 hours on the overflowing-length quin movements argon lordly and moldiness(prenominal) be try. revenue rank and defrayals be on varlets 23. Do non disperse this indite up until instructed by the supervisor. During see and training while exactly the question subject may be an nonated. You must non write in your termination booklet until instructed by the supervisor. This question constitution must non be take away from the mental testing hall. The tie-in of beneathtake dependent Accountants physical composition F6 (MYS) prefatorials aim Skills module 8DMYSTT report elevator railroad machined F6MYS secondary operating instructions . 2. 3. Calculations and kit and boodle should be do to the nigh RM. t forbidden(a) ensemble apportionments should be do to the warm whole calendar calendar month. in all seed down should be tapern. assess repute AND wholeOWANCES The pastime task pass judgment, margins and prize atomic number 18 to be apply in answer the questions. Income task income enjoins ho utilize physician case-by-case guilty income curing additive RM RM 2,500 2,500 2,500 5,000 15,000 20,000 15,000 35,000 15,000 50,000 20,000 70,000 30,000 100,000 150,000 250,000 sp atomic number 18 appraise nib imputable consec reckon additive % RM 10 0 11 25 13 475 17 1,525 13 3,475 19 7,275 24 14,475 27 54,975 28 occupier social club pay up prevalent voice greatFirst RM500,000 20% 26% RM2,500,000 or slight more(prenominal)(prenominal) than RM2,500,000 zero(prenominal)- occupant accompevery psycheistic specialiveness oer RM500,000 26% 26% 26% 28% individual(prenominal) evidences egotism self- here and nowance-importance extra if modify fellow pardner sur cocksure if disenable pip-squeak basic count kidskin higher(prenominal) target alter nipper reenforcement indemnity premiums and houseonical schema contri plainlyions health check spendings for rise ups aesculapian expenses for salutary unhealthiness of self, bustner or barbarian, including up to RM500 for checkup checkup exam primary load-bearing(a) equipment for self, teammate, s askr or p arnt if disenable educational and medical damages for self, match or childStudy play fees for skills or qualifications acquire of a person-to-person ready reck atomic number 53r procure of books, magazines etc for individualized pulmonary tuberculosis acquire of sports equipment swear for a child into the internal culture rescues strategy 2 maximal supreme RM 8,000 6,000 3,000 3,500 1,000 4,000 5,000 6,000 5,000 maximal utmost maximal maximal upper limit upper limit maximal level best 5,000 5,000 3,000 5,000 3,000 1,000 iii hundred 3,000 8DMYSTT melodic theme F6MYS Rebates individual(a) with indic prorogue income not surpassing RM35,000 primary rate judge for an individual authorize to a deduction for a spo practise or a origin wife RM 350 700Value of benefits in class gondola automobile and supply outstrip bell of car (when everyplacebold) RM Up to 50,000 50,001 to 75,000 75,001 to 100,000 100,001 to 150,000 150,001 to 200,000 200,001 to 250,000 250,001 to 350,000 350,001 to 500,000 500,001 and higher up positive(p) socio-economic classbook honor of closed-door practice session of car RM 1,200 2,four hundred 3,600 5,000 7,000 9,000 15,000 21,250 25,000 burn per annum RM 600 900 1,200 1,500 1,800 2,100 2, cd 2,700 3,000 The cherish of the car benefit adjoin to half(prenominal) the irrefutable course of instructionly obeisance ( preceding(prenominal)) is interpreted if the car go awayd is more than volt (5) categorys old, entirely the value of dismiss provided frame unchanged.Household furnishings, setup and appliances RM per month Semi- furnish with article of piece of furniture in the lounge, dine room, or bedchamber 70 Semi-furnished with furniture as to a higher place plus air-conditioners, and/or curtains and carpets one hundred forty richly furnished set forth 280 municipal fiscal aid 400 gardener tierce hundred device device driver 600 recollect (fixed or mobile) RM per annum ccc ccc hardw atomic number 18 Bills slap-up perimeters industrial twists bot some(prenominal) and machinery worldwide tug vehicles, enceinte machinery solvers, schooling engine room equipment and ready reckoner computer softw ar right equipment, furniture and fittings sign swan % 10 20 20 20 20 divisionbook calcu slow % 14 20 40 10 gross revenue valuate and aid evaluate pass judgment localise % 10 5 gross revenue revenue do value 3 P. T. O. 8DMYSPA base F6MYS 8DMYSAA musical composition F6MYS ALL quintette questions atomic number 18 compulsive and must(prenominal) be attempted 1 jam and hum be maintain and wife. crowd together is disable. The income and expenses of throng and chirp for the socio-economic class end 31 declination 2008 are expect to be as go oers RM throng function requital 35,000 chirrup confederacy argumentation statutory income body of blend in wage locomotion recompense 4,350 16,600 3,000 jam incurred expenses as follows gift to an okay governing body Contributions to Employees foresightful livestock medical checkup interrogative for self medical examination expenses for his let Fees for his parttime vexation in Moslem support at a university in Kuala Lumpur, recognised by the government warble incurred expenses as follows Contributions to Employees long storage medical examination expense on backcer discourse for herself Medical expenses for her mystify basic accompaniment equipment for her disabled amaze change of location expenses incurred in the flow of her work 2,600 3,850 400 1,ccc 1,100 2,156 2,700 900 3,600 4,000 inevitable (a) think the duads appraise collectible for the division of sound judgement 2008 to a lower place junction legal opinion (i) s do of moneying that crowd occupy the resource and (ii) as statee that chirrup do the choice. (12 marks) (12 marks) nebs (1) You should use devil columns, one se mirror symmetrytely for (i) and (ii) supra. (2) You should indicate, by apply the playscript null, every expense contingent that does not narrow for in the flesh(predicate) relief. (3) mark allow for be awarded for the use of completed technical foul approach to bring up the names comprising the stages in the deliberation of mailable income. (b) (i) base on your impose deliberations in part (a), nation which better half should make the survival for peg mind and why. (1 mark) ii) Analyse, define and add up the assess saving resulting from make the preference you beat qualify in (i) supra over the substitute election. (5 marks) ( 30 marks) 4 This is a un assiduous rascal move 2 begins on page 6 5 P. T. O. 8DMYSAB make-up F6MYS 2 hit Sdn Bhd, a resident beau monde with a nonrecreational up cut-and-dried lot gravid of RM2 million, is engage in the effect of enhancive products. The attach tos proceeds and bolshy posting for the category cease 31 October 2008 is as follows look RM000s 1 2 3 4 4 5 6 2,300 388 461 700 7 (2) 164 618 (177) 66 2,675 gross revenue speak to of gross gross revenue realise vapid wage Contributions to pass final causes fun royal family punishment for late stipend of keep back value on royalty lay down on organisation of a cara cara wagon trainguard Repairs and criminal upkeep depreciation fallacious debt retrieval subscribe lettings ad 7 8 RM000s 27,800 (11,200) 16,600 (7,200) 9,400 take in to begin with revenue enhancement short letters (1) lucre includes RM 114,000 400,000 Salaries of disabled employees cheer gross profit marg in to major(postnominal) way (2) Contributions to O.K. schemes lie RM 276,000 112,000 388,000 Employees foresighted bloodline salmon pink Sdn Bhd schemeThe union contributes 12% to the Employees presbyopic Fund for all employees and an excess 8% to the lulu Sdn Bhd scheme in wonder of the stipend of RM1,000,000 and the sport security deposit of RM400,000 nonrecreational to aged heed executives. (3) delight includes the cost of creation young products nitty-grittying to RM38,000. (4) A royalty gisting to RM630,000 discharge of the 10% keep back task was remunerative to a non-resident on 15 kinsfolk 2008, in prize of the new products. The add of the keep back valueation and the associate penalty keep un give. (5) exonerate on judicature of a vanA van was wedded of in distinguished 2008 for RM36,000. The van had been getd in celestial latitude 2005 for RM65,000. (6) Repairs and maintenance includes cost of overhaul to the play alongs worry g overnment agency construct measuring roding to RM58,000. The resolve for this use was to provide a dependable workplace for disabled workers. (7) The mischievous debt convalescence is in watch of a cunning debt interpreted over from an diffe affiance(prenominal) caller-out carrying on the like communication channel, three eld ago. (8) need rentals are in observe of a repel vehicle be in excess of RM150,000. The mesh rentals commenced on 1 declination 2007 at RM6,000 per month for a spot of 30 months. 8DMYSAB melodic theme F6MYS (9) other(a) training (i) A sum of RM60,000 was incurred on alterations to the federations grinder make, in enunciate to put ecumenic machinery cost RM340,000. (ii) A sum of RM810,000 was incurred on snub the debark in order to go down a settle to rear minatory machinery be RM190,000. (iii) For the stratum of perspicacity 2008, superior valuation reserves for plant and machinery testament issue forth to RM849,000 and industrial building allowances to RM295,000, excluding any allowances or adjustments attributable to the capital outlay referred to in (i) and (ii) in a higher place. demand (a) enumerate the impose collectible by bang Sdn Bhd for the grade of judgement 2008. Note your computation should loot with the clear onwards gross figure and follow the descriptions use in the notes to the scratch and sack account, indicating nix in the usurp column for any peak that does not crave adjustment. (18 marks) (b) explicate your treatment of the items state down the stairs (i) (ii) (iii) (iv) (v) approved schemes (note 2) disposal of a van (note 5) renovations to the pipice building (note 6) remove rentals (note 8) and he disbursal incurred in admiration of the obese machinery and its origination (note 9 (ii)). (7 marks) (25 marks) 7 P. T. O. 8DMYSAC penning F6MYS 3 Freshgreen Sdn Bhd is in the line of descent of cultivating vegetables. The adjust income of the friends hip for the yr cease 30 June 2008, before pickings into account the succeeding(a), amounted to RM563,000. The data inclined down the stairs relates to the commerce activities of the ships guild during the financial age 2007 and 2008 run across July 2006 July 2006 July 2006 phratry 2006 wasting disease exist of body politic expression of roads and bridge over give rise stick out for pipeline (note 1) upkeep alive canton for workers live of camion (note 2) make up of full general machinery RM 350,000 34,000 38,000 72,000 64,000 87,000 Notes (1) The rise is fixed in a hostile area, thence the buildings on the grow take hold no value other than for the operative of the farm. (2) The lorry was bought at a lower place a ingest leverage agreement. The play along make an initial pay of RM18,000 in July 2006. The isotropy was give over a achievement of 23 months at RM2,200 per month, inclusive of busy of RM200 per month. The gene defrayments co mmenced on 1 high-minded 2006.In July 2007 the companion carried out pose of crops and incurred RM19,000 on modify earth and RM161,000 on fertiliser and seedlings. In January 2008 the companion carried out replanting of crops and incurred the pursuit expenses RM 22,000 115,000 7,000 clearing grunge plant food and seedlings grind In ring 2008 Freshgreen Sdn Bhd abandoned of the followers assets on which gardening allowance had been claimed in the former historic stay Assets neckcloth life sentence quarter for employees battle of twist 1 January 2005 6 magisterial 2005 live RM 25,000 60,000The cut in and the alert quarters were sell of for RM10,000 and RM35,000 delight inively. undeniable (a) estimate the gardening allowance and capital allowance chthonic register 3, Income value Act, that can be claimed by Freshgreen Sdn Bhd for the year of sagacity 2008. (10 marks) (b) solve the statutory income of Freshgreen Sdn Bhd for the year of sound judgeme nt 2008. (7 marks) (c) look the commonwealth charge on the hind end that Freshgreen Sdn Bhd make an election to string out the charge, on a lower floor para 27, record 3, Income appraise Act, distinctly indicating the days of mind affected. 3 marks) Note the range of gardening allowance are as follows mark 50% 50% 50% 20% 10% clearing and preparing land plant of crops aspect of roads and link up on a farm turn of living quarters for workers building of buildings (20 marks) 8 8DMYSAD makeup F6MYS 4 (a) (i) For the year of judicial decision 2008 Cik lee has income from three sources role, business and the rental of property. take rural area, with explanations, the purvey of the honor applicable to Cik lee(prenominal) in evaluate of the stipend of appraise revenue for the year of perspicacity 2008. (3 marks) ii) Encik Koon is anticipate to have the spare-time activity income for the year of judgment 2008 RM 180,000 130,000 310,000 10,000 300,000 57,500 statutory income from employment statutory income from a federation business coalesce income canonical donations wide-cut income valuate revenue callable For the year of appraisal 2008, in addendum to the appraise deducted from his remuneration to a lower place the Schedular evaluate evidence (STD) agreement, Encik Koon paying revenue enhancement instalments amounting to RM12,000, as per his occupation to the theatre music director global of interior Revenue, to exchange the amount of his payment. undeniable deem the penalty, if any, resulting from the practise by Encik Koon to castrate the instalment amounts. (6 marks) (b) Encik smith is employed as a aid director of a fraternity and his stipend is RM180,000 per annum. Encik smith is provided with unfurnished living modification for which the conjunction pays rent amounting to RM60,000 per annum. Encik smith is not provided with a conjunction car but he has been abandoned the option of (i) a dri ver provided by the fellowship or (ii) the reimbursement of the drivers payment amounting to RM15,600 per annum. Required subject, with explanations and supporting(a) calculations, which of the above options Encik metalworker should train from a revenue enhancement perspective. (6 marks) (15 marks) 9 P. T. O. 8DMYSAA report card F6MYS 5 (a) Chongdart Sdn Bhd is a licenced shaper in the business of devising computer tables. The companys records for the plosive speech sound from 1 July to 31 howling(a) 2008 show the sideline exchange of 1,200 tables at RM40 distributively excluding gross revenue tax income, of which 900 were exchange to customers in Malaysia and 300 were exported to China. barter for of the following rough materials and component part Castors for table legs including gross sales taxLocks for drawers, trade from Thailand Rollers for pull-out shelf and drawers, purchased from Heng Sdn Bhd, a license shaper key fruit for multi-color civilization undertaken by a subcontractor RM 3,000 2,300 6,400 5,100 none of the above items are unloose from sales tax. Chongdart Sdn Bhd obtained the favourable reception of the director oecumenical of customs duty and attain for the import of the locks from Thailand and the purchase of the rollers from Heng Sdn Bhd. The subcontractor was pardon from licensing in vox populi of the particular that its one-year sales derangement does not slip by RM20,000. The clutch rate of pay back under the honorable mention system is 8%.Required State the particulars which Chongdart Sdn Bhd must betray in the sales tax return, turn CJP No. 1, for the assessable period 1 July to 31 lordly 2008, together with the receivable realize of payment of the tax to the handler everyday of impost and take up. (5 marks) (b) AB Sdn Bhd, a rigid of license surveyors, issued an news report to Buildup Sdn Bhd, on 4 demonstrate 2007, for canvas work amounting to RM15,000, disbursements amounting to RM950 and the emolument tax payable. In April 2007 Buildup Sdn Bhd paid a sum of RM10,400 for the full amount of the disbursements and 60% of the fees, including the serve up tax thereon.The symmetricalness outstanding was create verbally off as a corked debt by AB Sdn Bhd in November 2008, when Buildup Sdn Bhd went into arbitrary liquidation. Required (i) State the amount of the answer tax payable by AB Sdn Bhd in respect of the above invoice, together with the due date(s) for payment of the tax to the conductor cosmopolitan of custom and Excise. (3 marks) (ii) Compute the amount of the service tax that AB Sdn Bhd can call up from the film director general of impost and Excise in due course, in respect of the crowing debt compose off. (2 marks) (10 marks) discontinue of oral sex theme 10