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Peter is employed by IBM Ltd as the company’s accounting manager. During the year ended 31 March 2022, Peter was paid a

Posted: Sun Apr 10, 2022 8:30 am
by answerhappygod
Peter is employed by IBM Ltd as the company’s accounting
manager. During the year ended 31 March 2022, Peter was paid a
salary of $910,000 and was provided with a hotel serviced apartment
with one room by IBM Ltd. Peter is a member of the HK Jockey Club
and ACCA for which he pays membership fees of $1,200 and $2,500
respectively.
What is Peter’s net assessable income for the year of assessment
2021/22?
Select one:
a.
$943,800.
b.
$996,250.
c.
$998,250.
d.
$942,552.