QUESTION 2 - PAGE 36

ZEBEST SDN BHD

COMPUTATION OF INCOME TAX PAYABLE FOR YA 2018

RM RM RM

TRAVEL BUSINESS
Adjused Income (W1) 25000
Capital allowance current year 30900
Amount utilised -25000 -25000
Capital allowance c/f 5900
Statutory Business Income 0

RETAIL BUSINESS
Adjusted income (W2) 0
Capital allowance current year 12500
Amount utilised 0 0
Capital allowance c/f 12500
Statutory Business Income 0

RESTAURANT BUSINESS
Adjusted income (W3) 150000
Capital allowance current year -9000
Statutory Business Income 141000

Aggregate Statutory Business Income 141000

Less: business losses b/f -35800
Net Aggregate Statutory Business Income 105200

Add: Non Business Income

Dividend (exempt) 0

Aggregate Income 105200

Less: current year business losses -50000

Total Income/Chargeable Income 55200

Income Tax Payable

First RM500,000 X 17% 85000
Next RM500,000 X 24% 120000
Tax Payable 205000
WORKINGS (W1) (W2) (W3)
TRAVEL RETAIL RESTAURANT
GROSS INCOME 445400 789000 569200
(-)DEDUCTIBLE EXPENSES -420400 -839000 -419200
ADJUSTED INCOME/(LOSS) 25000 -50000 150000

ADJUSTED INCOME 25000 0 150000