From the following details, compute according to Lev and Schwartz (1971) model, the total value of human resources of the employee group skilled and unskilled. Skilled Unskilled Semi Skilled I Annual average earning of an employee till the retirement age Rs 50,000 Rs 30,000 Rs 45000 II Age of retirement 65years 65 Years 60 Years III Discount Rate 15% `12% 8.5% IV No. of employees in the group 20 25 12 V Average age 62 years 60years 52 Years Show the overall Matrix in the Final Step and each category in working notes

From the following details, compute according to Lev and Schwartz (1971) model, the total value of human resources of the employee group skilled and unskilled. Skilled Unskilled Semi Skilled I Annual average earning of an employee till the retirement age Rs 50,000 Rs 30,000 Rs 45000 II Age of retirement 65years 65 Years 60 Years III Discount Rate 15% `12% 8.5% IV No. of employees in the group 20 25 12 V Average age 62 years 60years 52 Years Show the overall Matrix in the Final Step and each category in working notes

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 3BD

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Concept explainers

Employer Pension Plan

An employer pension plan is a retirement benefit provided by an employer to employees before or after they retire. Over the course of the employees' working lives, the employer should invest a lump sum or make monthly contributions to investment schemes in employees' names. It is the employer's legal responsibility to provide employees with retirement plans that support them with guaranteed financial security in retirement.

Question

From the following details, compute according to Lev and Schwartz (1971) model, the total value of human resources of the employee group skilled and unskilled.

		Skilled	Unskilled	Semi Skilled
I	Annual average earning of an employee till the retirement age	Rs 50,000	Rs 30,000	Rs 45000
II	Age of retirement	65years	65 Years	60 Years
III	Discount Rate	15%	`12%	8.5%
IV	No. of employees in the group	20	25	12
V	Average age	62 years	60years	52 Years

Show the overall Matrix in the Final Step and each category in working notes

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