From the following data, calculate the value of compensation of employees (COE): S.No Items Amount in (₹ crore) (i) Old age pension 2,000 (ii) Wages and salaries in cash 60,000 (iii) Rent free accommodation to employees 30,000 (iv) Employer's contribution to provident fund 7,500 (v) Payment of life insurance premium by the employees 2,500 (vi) Contribution to provident fund by employees 35,000

CBSE 2022 Class 12 Economics Delhi Set 1 (Term 2)

Question : 18 of 21

Marks: +1, -0

From the following data, calculate the value of compensation of employees (COE):

S.No	Items	Amount in (₹ crore)
(i)	Old age pension	2,000
(ii)	Wages and salaries in cash	60,000
(iii)	Rent free accommodation to employees	30,000
(iv)	Employer's contribution to provident fund	7,500
(v)	Payment of life insurance premium by the employees	2,500
(vi)	Contribution to provident fund by employees	35,000

Solution:

Compensation of Employees

=

Wages and salaries in cash + Rent free accomodation to empoyees + Employees contribution to provident fund

\;=60,000+30,000+7,500 \;\text " crore "\;

\;=\₹ 97,500 \;\text " crores "\;

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