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Encik Tarmizi (45 years old) has been working as an internal auditor with...

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Accounting

Encik Tarmizi (45 years old) has been working as an
internal auditor with TNBS Bhd since 1 May 2017. On
30 November 2023, due to the company's restructuring,
his service was terminated by the company and he was
paid gratuity of RM100,000 and compensation for loss
of employment amounting to RM220,000.
Details of his remuneration and benefits received from
the company for the year 2023 were as follows:
(a) Salary of RM6,570 per month after deduction of
EPF 11%, housing loan amounting to RM1,200
and schedular tax deduction (STD) of RM130.
(b) Entertainment allowance of RM1,300 per
month and 3 months salary as bonus.
(c) He received a watch of RM4,000 for an
excellent service award in year 2023.
(d) The company paid RM3,500 and RM1,000
for medical and dental treatment for his wife
and children respectively.
(e) Encik Tarmizi produced entertainment bills of
RM14,560 that was fully expended in carrying
out his official duties.
(f) TNBS provide a Perodua Myvi cost
RM85,000 for his used.
Required: Calculate Statutory Employment
Income for Encik Tarmizi.help
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