Particulars Amount Salary for the month dd: Allowences sice Alowence Clothing Allowence 33,000 300 500 lowence 200 Lsund dd: Seles Commission dd: Overtime (Working Note :2 100,000x 3 45,000 Total etime hourax Rete per hour 39 Hoursx187 TOTAL 35,5525 Working Note- Total Overtime Hours REGOT Working hours 10 Houra
Particulars Amount Salary for the month dd: Allowences sice Alowence Clothing Allowence 33,000 300 500 lowence 200 Lsund dd: Seles Commission dd: Overtime (Working Note :2 100,000x 3 45,000 Total etime hourax Rete per hour 39 Hoursx187 TOTAL 35,5525 Working Note- Total Overtime Hours REGOT Working hours 10 Houra
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
get the gross taxable income on this photo
![Gross Pay will be
Particulars
Amount
Salary for the month
33,000
Add: Allowances
Rice Allowance
300
clothing Allowance
Lsundry Allowence
200
1,000
Add: Sales Commision
(1,500,000 x 36)
45,000
Add: Overtime (Working Note 1a2)
(Total Overtime hoursx Rete per hour)
(35 Hours x 187.5)
6,362.5
TOTAL
85,562.5
Working Note:-
Total Overtime Hours
REGOT Working hours 10 Hours
SHOT Working hours S Houra
SHRDOT Working hours e Houra
LHOT Working hours
LHR Working hours
S Houra
7 Hours
ТOTAL
35 Hours
Rate Per hour
Total Working Days in a month - 22 Days
Working Hours per Day - 8 Hours
Total Hours in a month will be - 22 Days x 8 hours
- 176 Hours
The total salary for the month is 33000
Therefore Per hour ale will be
T len
- 187.5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7cede84-2c30-4e15-81f2-7c4882defddb%2F11d97919-e142-423c-8b92-5cca17588c4b%2Fx307e3_processed.png&w=3840&q=75)
Transcribed Image Text:Gross Pay will be
Particulars
Amount
Salary for the month
33,000
Add: Allowances
Rice Allowance
300
clothing Allowance
Lsundry Allowence
200
1,000
Add: Sales Commision
(1,500,000 x 36)
45,000
Add: Overtime (Working Note 1a2)
(Total Overtime hoursx Rete per hour)
(35 Hours x 187.5)
6,362.5
TOTAL
85,562.5
Working Note:-
Total Overtime Hours
REGOT Working hours 10 Hours
SHOT Working hours S Houra
SHRDOT Working hours e Houra
LHOT Working hours
LHR Working hours
S Houra
7 Hours
ТOTAL
35 Hours
Rate Per hour
Total Working Days in a month - 22 Days
Working Hours per Day - 8 Hours
Total Hours in a month will be - 22 Days x 8 hours
- 176 Hours
The total salary for the month is 33000
Therefore Per hour ale will be
T len
- 187.5
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