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An employee in the public sector receives the following per month: Basic salary of L.E. 600 (out of which L.E. 150 Special increment), housing allowance of L.E. 150, representation allowance of L.E. 200, Overtime wage of L.E. 460; and an annual production incentives of L. E. 300. He also gets a business car under his full disposal whose annual maintenance costs L.E. 1000; and business mobile phone, knowing that his annual bills were L.E. 1800. Required: Calculate total taxable revenue for this employee at year end.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91221610

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