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Malaysia Tax Law Kurian and Mun Soo have been partners in a firm...

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Accounting

Malaysia Tax Law

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Kurian and Mun Soo have been partners in a firm of architects for many years sharing profits equally Details of the partnership's results for the year of assessment (YA) 2018 are as follows: Kurian Mun Soo RM RM 20.000 2.000 Brought forward losses Capital allowances The provisional adjusted income for the partnership for YA 2019 is RM520,000 A salary of RM60 000 is to be allocated to each of the partners each year Assuming the partners have no other income, what is Kurian and Mun Soo's total income for YA 2019? Option 1 2 3 4 Kurian Mun Soo RM RM 239.000 259,000 250.000 248.000 240.000 258,000 260,000 258,000 Option 1 Option 2 O Option 3 Option 4

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