CONSUMER MATHEMATICS SPM (KARNIVAL AKADEMIK) 2023

Deductible is commonly found in the contract of the following except

• medical and health insurance

• motor insurance

• life insurance

• property insurance

Alice has purchased an insurance with a deductible provision of RM1 000. In the insurance coverage period, she suffered a loss of RM1 200. State the compensation that can be claimed.

• None

• RM200

• RM1 000

• RM1 200

Tags

CCSS.7.NS.A.1D

The table above shows the annual premium rate schedule per RM1 000 face value of a life insurance.

Mr Lee is 58 years old, healthy and a non-smoker. He wants to buy the insurance policy worth RM308 000. Calculate his annual premium.

• RM3 699.08

• RM4 077.08

• RM5 100.48

• RM5 531.68

Tags

CCSS.6.RP.A.3B

Encik Ramli insured his house with fire insurance.

He insured his house at the amount of required insurance. Calculate the compensation amount received by Mr Ramli if his house is completely burnt down.

• RM79 000

• RM331 000

• RM336 000

• RM415 000

Tags

CCSS.6.RP.A.3C

Calculate the gross premium for Encik Muthu if he chooses the third party, fire and theft policy.

• RM349.52

• RM427.19

• RM435.56

• RM518.88

Tags

CCSS.7.RP.A.3

Which of the following statements in relation to Malaysian tax system is true?

• A gift of money made to the any government or non-government institution is given a deduction in income tax.

• Zakat and fitrah is a tax rebate.

• Sales and service tax (SST) is charged at every stage of the products chain to consumers.

• Foreigners working in Malaysia for less than 90 years are exempted from income tax.

Tags

CCSS.7.RP.A.3

The question is based on the partial income tax rates above.

Yusri has a chargeable income of RM65390 in 2020. He paid RM200 for zakat in the same year. Calculate the income tax payable by Yusri.

• RM3 954.60

• RM3 754.60

• RM2 154.60

• RM1 800.00

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

The question is based on the partial income tax rates above.

Sam has a chargeable income of RM40 850. A total of RM100 is deducted from his monthly salary for PCB. Calculate the income tax refund that will be received by Sam.

• RM132

• RM600

• RM1 068

• RM1 200

Tags

CCSS.8.F.B.4

CCSS.HSF.IF.B.6

Mr. Rahim forgot to pay his property assessment tax. What action can be taken against him according to the Local Government Act 1976 ?

• Imprisonment for a term of 6 months

• Fine of RM3 000 is imposed

• Property is confiscated

• Exiled

Tags

CCSS.RI.4.5

CCSS.RI.8.3

CCSS.RI.9-10.5

CCSS.RI.K.3

CCSS.RI.K.5

Maria's total annual income is RM84 300 which is :

Salary : RM60 000

ASB dividend : RM1 700

Tabung Haji Dividend : RM1 000

Overtime : RM12 000

Rental income : RM9 600

* ASB and Tabung Haji divident are tax-exempt income.

Maria also has an individual relief ( RM9 000), EPF contribution ( RM6 000 ) and medical takaful ( RM2 000) as tax relief.

Calculate Maria's taxable income.

Tags

CCSS.6.NS.C.5