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
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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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