NEW
Font size
WorksheetsTX4014 AUGUST 2025 MT REVISION
Total questions: 12
Worksheet time: 11mins
SG Sdn. Bhd. is a manufacturing company resident in Malaysia with authorized share capital of RM1.5million. In the year of assessment 2019, the company purchased 13 units of machine A (general machine) at RM1,200 each.
Compute the capital allowance which SG Sdn. Bhd. is entitled to claim in relation to machine A in the year of assessment 2019.
RM5,304
RM13,224
RM15,600
RM6,240
Gaya Sdn. Bhd. has an accounting year ending on 30 June annually. It acquired a passenger car (not for commercial use) on hire purchase on 1 February 2019 and paid a deposit of RM40,000. The cost of the vehicle is RM190,000. The instalment payments are RM3,000 per month, commencing from 1 February 2019 for 60 instalments.
Compute the qualifying expenditure for YA 2019:
RM55,000
RM190,000
RM50,000
RM52,500
Success Sdn. Bhd. is a manufacturing company. For the year ended 31 March 2020, the company has an adjusted loss from business of RM50,000. The company received interest income of RM16,000 from a licensed bank in Malaysia and RM40,000 in single-tier dividends in the year of assessment 2020.
The company has an unabsorbed business loss of RM12,000 from the year of assessment 2019.
Compute the total income / (unabsorbed business loss) of Success Sdn. Bhd. for the year of assessment 2020.
(RM46,000)
(RM6,000)
RM6,000
RM22,000
Randy Sdn. Bhd. incurred the following entertainment expenses during the year of assessment 2019:
RM
Beverage provided during launching of new product 30,000
Flowers for opening of a new branch of a customer 300
Free trips as an incentive to dealers for achieving target 12,000
What is the total amount of expense which is deductible when calculating the adjusted income from business of Randy Sdn. Bhd. for the year of assessment 2019?
RM42,150
NIL
RM42,300
RM21,150
What is the total amount of professional expenses allowable for deduction in ascertaining the adjusted income of Darren Sdn. Bhd for the year of assessment 2019?
RM
Statutory audit fees 12,000
Secretary fees 6,000
Tax appeal 2,000
Legal fee on trade debt collection 3,000
RM23,000
RM21,000
RM20,000
RM15,000
Which of the following statement is TRUE on disposal of fixed asset?
Gain arising from the disposal is capital gain and not taxable.
Gain arising from the disposal is revenue receipt and it is taxable.
Loss from the disposal of fixed asset is a deductible expense in arriving in adjusted income.
Loss from the disposal of fixed asset is deductible against adjusted income to arrive at statutory income.
Tax rate for company with paid-up capital more than RM2.5million
24%
25%
24.5
17%
Tax treatment for entertainment given to a potential customer during the company's new product
50% Allowable
Non Allowable
100% Allowable
None of the above
Tax treatment for entertainment expense to suppliers
50% Allowable
100% Allowable
All of the above
None of the above
Remuneration of disabled employees can be categorized as
Non business income
Non Allowable Expenses
Double Deduction
All of the above
Tax treatment on donation: Gift of money to approved institutions
Restricted to 10% of aggregate income
Restricted to 10% of adjusted income
Full Exemption
Restricted to RM20,000
Donation can deduct from
Adjusted Income
Aggregate Income
Statutory Income
Chargeable Income
