MTH 302 question # sol.

MTH302 Question # 2 Solution
Solution of q 2:


Basic salary=12000
House rent allowance=45%=45/100=0.45=0.45*12000=5400
Conveyance allowances=5%=5/100=0.05=0.05*12000=600
Utility allowances=7%=7/100=0.07=0.07=0.07*12000=840
Group insurance/Medical=0%=0
Total Allowances=5400+600+840=6840
Gratuity fund=1/11*12000=1090.90
Provident Fund= 1/11*12000= 1090.90
M.s.charge=12000(5.8/100)=696

Gross salary=12000+6840=18840
cost of casual leave per year=12/(26*12)*18840*12=839.04
cost of earned leave per year=24/(26*12)*1840*12=1678.08

Sick leave = 0
Total cost of leaves = 2517.12

Gross Rumen ration = 24234.92

Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks