Q1 (a) Cash Flow Statement for the period 1 Jan 2015 to 31 December 2015
The missing/modified figures (as shown in yellow in the cash flow statement) are calculated as follows:
Employment income,
Keaton,
Given,
Gross Salary and Bonus= $120,000.00
Alyssa,
Given total salary and bonus=$64,800
Half paid in Aus and half in Singapore,
Thus her Salary and bonus paid in Singapore=$32,400
Employer’s CPF contribution,
Keaton- 37 % of 120,000=$44400
Alyssa- 20% of $32,400=$6480
Dividend and rental income
Dividend – Keaton-No dividend in 2015
Alyssa, $689 in 2015
Rental income
Keaton and Alyssa combined rental income for property in Singapore registered under joint tenancy agreement is $3,050 per month or $36600 for the year.
The portion of CPF and cash used for the housing installment is as mentioned below.
Total housing installment =$4099
Keaton:
Total monthly income=$10, ...