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Question 7 Mr Smart is works as a manager of an international company in Kajang, Selangor. Upon attaining the age of 55 years, Mr Smart retired on 30 September 2022, after having worked for 32 years with his one and only employer.

During the year 2022, his income and benefits from this employment were: RM

Salary (January September) 72,000

Bonus 24,000

Gratuity 180,000

Entertainment allowance (January September) at RM500 per month.

He incurred RM4,800 on entertaining business clients for his employer during these four months is 2,000

Domestic servant (reimbursed from his employer) 7,200

Leave passage:

Tokyo : 6700

Hong Kong :3200

Sabah :3000

Mobile phone 1,500

Fully furnished accommodation was rented by his employer at RM3,000 a month and provided to Mr Smart as a benefit (inclusive of furniture value of RM1,000) is 27,000

In January 2022, his son was warded in a private hospital for serious illness while vacationing in Tokyo. His son medical expense amounting to RM4,100 is paid by Mr. Smart company

8 During the nine months prior to his retirement, Mr Smart was provided with a company car which his employer had acquired as a new car two years earlier at a price of RM85,000. Free fuel was provided to him by his employer

. Required: Compute statutory income of Mr. Smart for the YA 2022.

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