Using the following information to answer the g... - WAEC Accounting 2005 Question
Using the following information to answer the given question
\(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Chief Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array}\)
Additional information:
(a) All employees are on the first step of their
(b) Allowances
\(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array}\)
The total basic salary for the year was
\(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \ \hline \text{Chief Accountant} & 15 & 1 & N371,748\ \text{Asst, Chief Accountant} & 14 & 2 & N301,452\ \text{Principal Accountant} & 12 & 4 & N243,732\ \text{Accountant} & 7 & 6 & N113,632\ \text{Clerk} & 3 & 10 & N54,166\end{array}\)
Additional information:
(a) All employees are on the first step of their
(b) Allowances
\(\begin{array}{c|c} \text{Grade Level} & \text{Transport Allowance} & \text{Housing Allowance} & \text{Responsibility Allowance} \ \hline \text{12 and above} & \text{N24,000 per annum} & \text {N120,000 per annum} & \text{N30,000 per annum} \ \text{1 to 7} & \text{N13,200 per annum} & \text{N48,000 per annum} & - \end{array}\)
The total basic salary for the year was
A
N3,173,032
B
N3,048,000
C
N1,084,730
D
N8555,600
correct option: c
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