Mr. Wu was a marketing manager. He received an annual salary totaling $848,000 and was provided with a rent--free flat by his employer during the year ended 31 March 2023. He paid an annual membership fee of $1,600 to the Institute of Marketing in December 2022 and donated cash of $1,000 to the Community Chest in March 2023. He contributed $31, 500 to an MPF scheme (Assume voluntary contribution, if any, are not paid into a TVC account). His wife died three years ago. He has to maintain a son aged 15 and his two parents, both of whom are aged over 60. His parents resided with him throughout the year ended 31 March 2023. The salaries tax liability of Mr. Wu for the year of assessment 2022/23 is:
Mr. Wu was a marketing manager. He received an annual salary totaling $848,000 and was provided with a rent--free flat by his employer during the year ended 31 March 2023. He paid an annual membership fee of $1,600 to the Institute of Marketing in December 2022 and donated cash of $1,000 to the Community Chest in March 2023. He contributed $31, 500 to an MPF scheme (Assume voluntary contribution, if any, are not paid into a TVC account). His wife died three years ago. He has to maintain a son aged 15 and his two parents, both of whom are aged over 60. His parents resided with him throughout the year ended 31 March 2023. The salaries tax liability of Mr. Wu for the year of assessment 2022/23 is:
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 9DQ
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Transcribed Image Text:Mr. Wu was a marketing manager. He received an annual salary totaling $848,000 and was
provided with a rent--free flat by his employer during the year ended 31 March 2023. He
paid an annual membership fee of $1,600 to the Institute of Marketing in December 2022 and
donated cash of $1,000 to the Community Chest in March 2023. He contributed $31, 500 to
an MPF scheme (Assume voluntary contribution, if any, are not paid into a TVC account). His
wife died three years ago. He has to maintain a son aged 15 and his two parents, both of
whom are aged over 60. His parents resided with him throughout the year ended 31 March
2023. The salaries tax liability of Mr. Wu for the year of assessment 2022/23 is:
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