Personal Investment and Other Income Quiz

What is a dividend?

• A payment made by a company to its shareholders

• A form of interest income

• A type of tax on rental income

• A fee paid for using a property

Under which section is dividend income taxable for individual taxpayers?

• Section 4(b), ITA 1967

• Section 4(d), ITA 1967

• Section 4(c), ITA 1967

• Section 4(a), ITA 1967

What is the tax status of interest income received from approved financial institutions?

• Taxable under Section 4(a)

• Taxable under Section 4(c)

• Tax exempt

• Taxed at a higher rate

What type of income is rental income considered if maintenance services are provided?

• Business income

• Investment income

• Capital income

• Exempt income

Which of the following is NOT an allowable expense for rental income?

• Repairs and maintenance

• Advertising cost to find a first tenant

• Insurance premium

• Interest on loan

What is the definition of royalty income?

• Income from rental properties

• Income from the use of copyrights and patents

• Income from employment

• Income from dividends

What is the exemption amount for royalty received for translation of books requested by the Ministry of Education?

• RM5,000

• RM20,000

• RM12,000

• RM10,000

What type of payment is a pension classified as under the ITA 1967?

• Taxable income

• Investment income

• Business income

• Exempt income