THOMAS AKPA May 21, 2021 at 3:54 pm My questions of Module 7, started from number 9, hope my question is complete? Reply
Adeola Shotuminu April 27, 2022 at 3:38 pm Solution To Assignment: 9. Dells Basic Salary= 60% of his annual gross= 60% of 1,800,000= 1,080,000 Dells Monthly Basic is 1080000/12 = 90,000 Dells NHF if he worked a full month in January; – Using working days: 21/21* 90000= 90000 NHF= 2.5 % * 90000= 2500 -Using Working and Non working days: 30/30* 90000= 90000 NHF = 2.5% *90000= 2500 B. He resumed 5th of January 2021 -Using working days: 19/21 * 90,000=81,428.57 NHF: 2.5% * 81,428.57= 2,032.71 – Using working and non-working days: 27/30*90000=81,000 NHF: 2.5%*81,000= 2,025 C. He resumed 1st January 2021 and resigned 21st Jan 2021: – Using working days: 15/21*90,000= 64,285.71 2.5%*64285.71= 1,607.14 – Using working days and non working days: 21/30 * 90,000= 63,000 – NHF : 2.5% * 63,000= 1,575 D. Resumed 5th Resigned 21st Jan 2021 – Using working days: 13/21*90,000= 55,714.29 NHF: 2.5%*55714.29= 1,392.86 – Using working and non working days: 17/30* 90000=51,000 NHF:2.5%*51000=1,275 10. NSITF of XYZ = 1% * 10,000,000 = 100,000. Reply
My questions of Module 7, started from number 9, hope my question is complete?
Solution To Assignment:
9. Dells Basic Salary= 60% of his annual gross= 60% of 1,800,000= 1,080,000
Dells Monthly Basic is 1080000/12 = 90,000
Dells NHF if he worked a full month in January;
– Using working days: 21/21* 90000= 90000
NHF= 2.5 % * 90000= 2500
-Using Working and Non working days: 30/30* 90000= 90000
NHF = 2.5% *90000= 2500
B. He resumed 5th of January 2021
-Using working days: 19/21 * 90,000=81,428.57
NHF: 2.5% * 81,428.57= 2,032.71
– Using working and non-working days: 27/30*90000=81,000
NHF: 2.5%*81,000= 2,025
C. He resumed 1st January 2021 and resigned 21st Jan 2021:
– Using working days: 15/21*90,000= 64,285.71
2.5%*64285.71= 1,607.14
– Using working days and non working days: 21/30 * 90,000= 63,000
– NHF : 2.5% * 63,000= 1,575
D. Resumed 5th Resigned 21st Jan 2021
– Using working days: 13/21*90,000= 55,714.29
NHF: 2.5%*55714.29= 1,392.86
– Using working and non working days: 17/30* 90000=51,000
NHF:2.5%*51000=1,275
10. NSITF of XYZ = 1% * 10,000,000 = 100,000.