MGT-351

Sec-3

Answer to the question no: 1

Year Basic salary Employees Employees Employees Employees

(tk) contribution contribution contribution total
5%(tk) total (tk) 5%(tk) contribution
(tk)
1st year 40,000 2,000 2000 x 12 2000 2000 x 12
=24000 =24000

2nd year 44,800 4,22,40 2240 x12 2240 2240 x12

12% increase =26880 =26880

3rd year 50,176 25,088 25088 x 12 25088 25088 x 12

12% increase =301056 =301056

4th year 56,197,12 2809856 2809856 x 12 2809856 2809856 x 12

12% increase =33718272 =33718272

Total 114,703,872 total 114,703,872

As she work for 4 years 80% of her employer’s contribution will give back to her (80% of

114,703,872) = 917630976

Total = (114,703,872 + 917630976) = 2064669696

 Answer to the question no: 2

Standard unit: 48 units/8hours = 6 unit/ hours

Standard rate per unit is 12tk hourly rate /6 units per hours = 2tk per unit

Premium rate per unit is 2 x 1.2 = 2.4tk (12 of 10%) =1.2

So, if the employee produces 72 units then his earnings will be

Wages from producing standard units: 2 x 48 =96 tk

Wages from producing premium units: 2 x (72-48=24) =48 tk

Total: 96+48=144tk