Certified ACCounting teChniCiAn exAminAtion

SAmple multiple ChoiCe queStionS June 2009

Paper T9 (MYS) Preparing Taxation Computations

Section A only All questions are compulsory Note: Section B of the actual exam paper will contain four written questions

the following questions are typical of those that will appear in Section A of the examination paper from June 2009 onwards. there will be a total of ten questions in section A. All questions in Section A will be worth two marks each.

Johan receives a salary of RM100,000 a year and is provided with accommodation rent-free by his employer. What is the amount you would use to compare with the rent paid by the employer for the accommodation provided to him for the year? A B C d RM10,000 RM3,000 RM30,000 None of the above. (2 marks)

ABC Sdn Bhd lets out its shophouse to a company that uses the premises to manufacture plastic containers. in respect of the purchase cost of the shophouse, what is the company entitled to claim? A B C d Industrial building allowance Capital allowance on plant and machinery Deduction in arriving at adjusted income Personal relief. (2 marks)

Tahar bought his first personal computer for RM3,600 on 1 December 2008. What is the personal relief available to tahar for the year of assessment 2008? A B C d RM300 RM3,600 RM3,000 Nil. (2 marks)

Zee Sdn Bhd acquired a new factory for use in its trade for RM900,000. The cost comprises: Land Factory Administration office Legal fees for factory Showroom RM 200,000 400,000 100,000 20,000 180,000 900,000 What is the amount on which industrial buildings allowance (iBA) is calculated? A B C d RM650,000 RM520,000 RM500,000 RM420,000. (2 marks)

Eks Sdn Bhd has paid lease rental of RM78,000 in the year ended 31 December 2008 for a new car that had cost the lessor RM490,000. When computing the adjusted profit for tax purposes, what adjustment must be made to the tax computation in respect of the lease expense for the year of assessment 2008? A B C d Deduct RM78,000 Add back RM28,000 Add back RM22,000 No adjustment is necessary. (2 marks)

Mr Saw operates a successful business selling food in the weekend market. He has a day job as an accounts clerk during the weekdays. What is the due date for submitting his income tax return for the year of assessment 2008? A B C d 31 January 2009 30 April 2009 30 June 2008 30 June 2009. (2 marks)

Yummy Foods is licensed for the service tax purposes. how often is service tax payable by Yummy foods? A B C d Every two months Every three months Every six months Every twelve months. (2 marks)

For the entire year of 2008 Jane was provided with the use of a six-year old company car by her employer. The car had cost RM145,000 when new. how much is Jane taxed in respect of the value of the car benefit for the year of assessment 2008? A B C d RM2,500 RM5,000 RM1,450 nil. (2 marks)

Mr Poon is due to pay a royalty of RM25,000 on 30 December 2008 to a non-resident for the use of a brand name in his business in Malaysia. What is the amount of withholding tax that should be deducted by mr poon? A B C d RM250 nil RM2,500 RM5,000. (2 marks)

10 Fatimah has been letting out a residential property. For the tax year ended 31 December 2008 her rental income and expenses are: RM RM Rent 12,000 Expenses: Installation of a new air-conditioner Mortgage interest Insurance 1,200 2,200 800

how much is fatimahs statutory income from rent for the year of assessment 2008? A B C d RM9,000 RM7,800 RM10,800 RM11,200 (2 marks)

end of Sample questions

Answers

Sample multiple Choice question paper t9(mYS) preparing taxation Computations 1 C 30% of RM100,000 = RM30,000 2 A Industrial building allowance: the tenant uses the shophouse as a factory. 3 C

Answers

The RM3,000 personal relief is available once every three years. The full relief is available even though the P.C. had been held only for one month in 2008. 4 D RM420,000 is qualifying building expenditure. Land is never a qualifying cost. The Administration office and showroom exceed 10% of total expenditure: therefore they are nonqualifying expenditure. 5 B Lease rental allowable on a motor car costing more than RM150,000 is restricted to RM50,000. Therefore RM28,000 should be added back. 6 D Due date is 30 June 2009, as he has a business source of income. 7 A Every two months. 8 A RM2,500 (5,000 x 50%) because the car is more than five years old. 9 C RM2,500 ie 10% of RM25,000. 10 A Cost of new air-conditioner is capital expenditure and is not tax deductible.