- 5 Marks
PT – April 2022 – L2 – Q2d – Pension Entitlement Calculation
Compute the monthly pension entitlement of Mrs. Akoto based on her salary and months of contribution.
Question
d) Mrs. Akoto has been engaged by Madane Ltd as the Marketing Manager for 30 years on an annual salary of GH¢20,000.
The following information relates to Mrs. Akoto:
i) Throughout her working life, she earned her best salaries from Madane Ltd.
ii) She has 408 months’ contribution to her credit.
iii) She retired on 31 March 2020 at the age of 60.
Required:
Compute her monthly pension entitlement.
(5 marks)
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- Topic: Income Tax Liabilities, Pension Calculation
- Series: APR 2022