Join Sarthaks eConnect Today - Largest Online Education Community!
0 votes
in Economics by (68.7k points)

Calculate compensation of employees: 

(a) Bonus paid to staff (35); (b) Free medical facilities (60); (c) Employer’s contribution to social security (40); (d) Wages and salaries (350); (e) Employees’ contribution to provident fund (30)

(Figures are in thousands)

1 Answer

+1 vote
by (68.4k points)
selected by
Best answer

Compensation of Employees = (d) + (c) + (b) + (a) 

= 350 + 40 + 60 + 35 

= 485 thousand.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.