Q1.10

[Liru Cang]

<span style=”color: #4b4d4d; font-family: Arial, sans-serif;”><span style=”font-size: 14px;”>T</span></span>he total taxable income is $69,800 ( including $34900 excepted taxable income and $34900 eligible taxable income). Is the amount of LITO and LAMITO assessed based on total taxable income or excepted income only?

Thanks.

[Liru Cang]

Sorry about the typing above.
<p style=”box-sizing: border-box; margin: 0px 0px 22px; color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>The total taxable income is $69,800 ( including $34900 excepted taxable income and $34900 eligible taxable income). Is the amount of LITO and LAMITO assessed based on total taxable income or excepted income only?</p>
<p style=”box-sizing: border-box; margin: 0px 0px 22px; color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>Thanks.</p>

[Liru Cang]

<span style=”color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>The total taxable income is $69,800 ( including $34900 excepted taxable income and $34900 eligible taxable income). Is the amount of LITO and LAMITO assessed based on total taxable income or excepted income only?</span>

[James ChungModerator]

Hi Liru,

I cannot read your message above, so I try my best to answer it.

Both of $34900 excepted taxable income and $34900 eligible taxable income are included when calculating the amount of LITO and LAMITO.

regards

[Liru Cang]

If both of $34900 excepted taxable income and $34900 eligible taxable income (total $69,800) are included for calculation of LITO & LAMITO, then LITO is nil, LAMITO will be be $530 rather than $200 provided in the solution. Is it correct?

[Chien Dang]

Please advise why LAMITO is $200 and not $530.

[Kering]

Hi ,

Did you guys figure out why?  @<span style=”color: #4b4d4d; font-family: Arial, sans-serif; font-size: 15px;”>Chien Dang, </span><span style=”color: #4b4d4d; font-family: Arial, sans-serif; font-size: 15px;”>Liru Cang.</span>

I have the same question. thanks

[Kering]

<p style=”box-sizing: border-box; margin: 0px 0px 22px; color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>Hi ,</p>
<p style=”box-sizing: border-box; margin: 0px 0px 22px; color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>Did you guys figure out why?</p>
<p style=”box-sizing: border-box; margin: 0px 0px 22px; color: #4b4d4d; font-family: Arial, sans-serif; font-size: 14px;”>I have the same question. thanks</p>