Re: ::: vuaskari.com ::: MTH302 Assignment No. Idea Solution by Asad Munir

After Discussing with the insturctor here is the final answer for question No. 1

 

Question No. 1
Basic Salary = 16,000
House Rent Allowance = 16,000 x .45 = 7200
Conveyance Allowance = 16,000 x .10 = 1600
Utilities Allowance = 16,000 x .10 = 1600
Total Allowances = 7200+1600+1600= 10,400

Provident Fund = 16,000 x 1/11 = 1455
Gratuity Fund = 16,000 x 1/11 = 1455

Earned Leave = (26,400 x 12)x{(24/(22x12)} = 28,800/12= 2400
Casual Leave = (26,400 x 12)x{(12/(22x12)} = 14,400/12=1200

Misc. Social Charges = 26,400 x .065 = 1716

Gross Salary = 16,000+10,400+1455+1455+2,400+1,200+1716=34,626

On Sun, Apr 8, 2012 at 7:58 PM, Malik Obaid <mc120202407@vu.edu.pk> wrote:

Dear, Assignment Question 1 submitted by one of our friend is Partially Correct. Divide the Earned Leave and cascual leave amount by 12. You guys will get correct answer.

Earned Leave and Casual leave = 13.64%  (Rs 3600)

Best of Luck 

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