Model: Cash needed for wage payment
From the following particulars, find the amount required for cash payment of wages in a factory for a particular month:
|
Rs. |
|
|
Wages for normal hours worked |
3,00,000 |
|
Wages for overtime worked |
10,000 |
|
Leave wages |
8,000 |
|
Deduction for ESI |
6,000 |
|
Employee’s contribution to PF |
30,000 |
House rent to be recovered from 50 employees at Rs.100 per month. Employer also contributes an equal amount towards PF and ESIC.
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