The annual savings in the form of provident funds will be:
Answer & explanation
Correct answer: option 1
Annual savings from the Provident Fund: 12% of 33,650 x 12 = 48,456
The annual savings in the form of provident funds will be:
Correct answer: option 1
Annual savings from the Provident Fund: 12% of 33,650 x 12 = 48,456