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Syahril runs a fast-food outlet in Kuala Terengganu. The outlets statement of profit and loss for the year ended 31 August 2015 is as follows:
Sales | | 100,000 |
Less: | Cost of sales | | (30,000) |
Gross profit | | | 70,000 |
Less: | Expenditure | | |
Staff salaries | 9,000 | |
Salary to proprietor | 2,000 | |
Medical expense for parents | 5,000 | |
Rental (business premises) | 6,000 | |
Utilities | 4,000 | |
Entertainment for suppliers | 3,400 | |
General provision for doubtful debts | 2,000 | |
Leave passage | 2,500 | |
Approved donation | 1,300 | (35,200) |
| | | 34,800 |
Add: Other income | | | |
Dividend (net) Adjusted Rental | | 900 600 | 1,500 |
Net profit before tax | | | 36,300 |
| | |
Other information: |
(1) | Some of the office equipment was disposed of during the year incurring a balancing charge of RM2,500. | |
(2) | The claim for capital allowances for the year is RM3,000. | |
| | | | | | |
Required:
Based on the above information, determine the total income of Syahril for the year of assessment 2015.
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