(b) According to the new renumeration scheme, the starting pay of a technician is RM2029 per month and the annual increment is RM101. Ahmad who is 25 years old becomes a technician in a medium company. i. What will his monthly salary be when he is 45 years old? ii. What will his age be when he gets a monthly payment of RM38472

(b) According to the new renumeration scheme, the starting pay of a technician is RM2029 per month and the annual increment is RM101. Ahmad who is 25 years old becomes a technician in a medium company. i. What will his monthly salary be when he is 45 years old? ii. What will his age be when he gets a monthly payment of RM38472

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

See similar textbooks

Similar questions

Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?
When your firm hires a new employee this year, it is obligated to contribute GBP £5,000 to a defined contribution plan for that employee, one year after the hire date. The contribution must be adjusted annually for inflation. Assume that inflation will be a constant 2.0% a year from this point forward. What is the pension cost to you of hiring a 30 year old who will be with the company for 32 years if the appropriate discount rate is 10%? Round your answer to the nearest pound.
In Square Group, employees are entitled with gratuity if they serve at least 3 years as a regular employee. yearly increment is 10%. If the employee quits the job after 06 years of service what will be the gratuity amount? Assume that he started his job with a basic tk 25,000 and with no probation period
An employee borrows P50,000 for seven months at an interest rate of 12% per year. Find the interest earned and the total amount he has to pay
An employee is earning P 18,511 a month and he can only afford to purchase a car which will require a down payment of P 85,000 and a monthly amortization of 30% of his monthly salary. What would be the maximum cash value of a car he can purchase if the seller will agree to a down payment of P 82,000 and the balance payable in four years at 18% per year payable in monthly basis. The first payment will be due at the beginning of the first month.
Suppose a man receives an initial annual salary of P60,000, increasing at the rate of P5,000 a year. If money is worth 10%, determine his equivalent uniform salary for a period of 8 years.
The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. How much needs to be deposited each monthfor a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus? a. $2,070 b. $3,840 c. $3,940 d. $4,170.
If you need $100,000 at the beginning of each year during your 18 years of returement and you can earn 6% annually during that time. What would you need to contribute at the end of each month for your 43 working years if during that time it can earn 10.8% annually?
Hilario Hernandez is the owner of 20 units of one-bedroom residential apartments which are leased out at a monthly rental of P14,000, and 15 units of two-bedroom apartments which are leased out at a monthly of P17,000. All the said units were leased out throughout the whole calendar year 2020. How much is the VAT on the gross receipts of Mr. Hernandez for the year?
Rean gets a job with a starting monthly salary of 20,000.She is promised by her employer to receive a monthly increases od 1,725 each year. How much will her annual salary be after 10 years
Mohamed accepted a new position as an electrician. Mohamed has a starting annual salary of $65,000 with an expected raise of 2.5% per year. If Mohamed stays at this job for 10 years, what would be his salary?
The president of a growing engineering firm wishes to give each of 50 employees a holiday bonus. How much is needed to invest monthly for a year at 12% nominal interest rate, compounded quarterly, so that each employee will receive a $1,200 bonus? A.$3,945 B.$3,844 C.$2,075 D.$4,734