QuickHelper

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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 26 May 2017 My Price 10.00

company car

Question description

 

two people A and B have earned a basic salary of $150,000 per annum over the last year and overtime averaging $15,000 per annum. the salaries have grown for many years at 3% per annum. they are each provided with a company car with a taxable value of $45,000. last year, the basic state pension had a value of $30,000. person A is in pension scheme in which final pensionable earnings is defined as "average salary over the last five years before retirement minus 1.75 multiply by basic state pension" person B is in pension scheme in which final pensionable earning is defined as "total earnings in the year before retirement, including over trime and taxable value of a company's car" plus 0.5 multiply by basic state pension.

calculate the final pensionable earning for both?

 

 

Answers

QuickHelper
(10)
Status NEW Posted 26 May 2017 11:05 AM My Price 10.00

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