《F4》Chapter 10: Consumer Mathematics: Financial Management

Active Income: Salaries, allowances, commissions

Passive Income: Rent received, interest received, dividends, investments

Fixed Expenses (expenses that must be paid or spent): Rent, insurance, housing loan instalments, car instalments, credit
card payments
Variable Expenses (changed according to our spending behaviour): Petrol, groceries, electricity bill, water bill

Income and Expenditure Financial Plan (RM) Actual Cash Flow (RM)
NET INCOME
Husband
Wife
(Net salary)
Passive Income
Total Monthly income
Minus fixed monthly savings
(10% of monthly income)
Minus savings for emergency fund
Income balance
Minus monthly fixed expenses
Housing loan
Husband’s car instalment
Insurance premiums
Total monthly fixed expenses
Minus monthly variable expenses
Nursery
Children’s need
Home utilities
Petrol expenses
Toll payments
Groceries
Allowances for parents
Total monthly variable expenses
Surplus of income / Deficit
 《F5》 Chapter 4: Consumer Mathematics: Taxation

Separate tax assessment

Item Joint tax assessment
Husband Wife
Total income
Total exemption (Donation)
Tax Relief
- Individual
- Lifestyle
(limited to RM2 500)
- Life Insurance
(limited to RM7 000)
- Medical Insurance
(limited to RM3 000)
Chargeable income
Base tax
Tax on the next balance
Tax Rebate
Income Tax Payable