Requirement:
How mathematics is involved in merchandising?
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Requirements:
The basic salary of an employee is 20,000 find the following for this salary. a)Calculate the allowances, if allowances are 50% of the basic salary. What is the taxable income of employee? Also find gross salary?b) What the cost of the business is on explanation of leaves (18.2%), group insurance/medical (5%) and additional social welfares (5.8%)?
c)What is the total saving of the employees per month on account of provident trust fund and gratuity?
d)Define the gross remuneration and also find gross remuneration for the above salary package?