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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