Question 1
Describe, explain and outline the features of Singapore’s individual income tax system that would encourage Ms ABC to partake in building the next generation of Singaporeans in the country. Responses shall be supported by research and shall not exceed two (2) pages.

Question 2
Apply the principles of individual income tax and compute Ms ABC’s taxable employment income, taxable rental income, statutory income, assessable income, chargeable income and net individual income tax payable for the relevant year of assessment in a way that would minimize her individual income tax exposure in Singapore. Show all workings and account for all income and deductions – for example, if an income is not taxable or a deduction is not claimable, that income or deduction must be indicated as “$0” in the income tax computation. State reasonable assumption(s) if any of the facts presented is/are unclear – to avoid doubt, new fact(s) may not be introduced.

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