Mr. Latif is working as an accountant in a general partnership namely 'Al Majan' for the last two years. His monthly allowance is OMR 100 PM and his gross salary is OMR 750 PM. His joining date is 08-07-2003. Since he produced a false identity, he was terminated on 01-01-2009. Calculate gratuity. a. No gratuity O b. 2,500 O c 3,500 O d. 2,585 Clear my choice
Mr. Latif is working as an accountant in a general partnership namely 'Al Majan' for the last two years. His monthly allowance is OMR 100 PM and his gross salary is OMR 750 PM. His joining date is 08-07-2003. Since he produced a false identity, he was terminated on 01-01-2009. Calculate gratuity. a. No gratuity O b. 2,500 O c 3,500 O d. 2,585 Clear my choice
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 55P
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Transcribed Image Text:Mr. Latif is working as an accountant in a general partnership namely 'Al Majan' for the last two years. His monthly allowance is OMR 100 PM and his
gross salary is OMR 750 PM. His joining date is 08-07-2003. Since he produced a false identity, he was terminated on 01-01-2009. Calculate gratuity.
• a. No gratuity
O b. 2,500
O c 3,500
O d. 2,585
Clear my choice
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