BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$4, 109.50
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$4, 100.00
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$4, 019.75
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Detailed explanation-1: -Your total yearly take-home salary = gross salary – total deductions = ₹9.50 lakhs-₹48, 700 = ₹9, 01, 300. Now, your monthly take-home salary = annual salary/12 = ₹9, 01, 300/12 = ₹75, 108.
Detailed explanation-2: -To calculate an annual salary, multiply the gross pay (before tax deductions) by the number of pay periods per year. For example, if an employee earns $1, 500 per week, the individual’s annual income would be 1, 500 x 52 = $78, 000.
Detailed explanation-3: -To calculate your monthly pay from your annual pay, simply divide your yearly pay by 12.
Detailed explanation-4: -For calculating salary, we must consider 30 days irrespective of any month. We consider 26 days for Gratuity & Leave Encashment calculation.