Question

1) Sham's income in 2018-19 after paying all takes is Rs. 64000. He pays Rs. 2000 pre
month for Insurance & 20% of annual income to his P.F. He puts aside 500 per month for
emergencies. How much money does he have for annual spending​

Answer 1

Answer:

Annual Income -64000

Annual expenses-

1.12×2000(for insurance)

2.20/100×64000

3.12×500(for emergency)

Total expenses- 42800

Net Amount left for expenditure is 64000-42800=21300