Question

Salary structure of an employee is given as follows:
From the given data, calculate the basic quarterly salary of the employees (round off to one decimal place).

• A. $\$$10526.4
• B. $\$$10537.1
• C. $\$$10983.6
• D. $\$$11037.1

Answer 1

The correct option is B $\$$10537.1

Given:

Let the basic salary of the employee be x.

We know,
Net quarterly salary = Basic quarterly salary + Bonus + Incentive - Tax

$⟹$ 12000 = x + 11% of x + 8% of x - 325
$⟹$ 12000 = x + 0.11x + 0.08x - 325
$⟹$ 12325 = 1.19x
$⟹$ x = 10357.14

~ 10357.1 (Rounding off to one decimal place)

Therefore, the basic quarterly salary is $\$$10357.1.