Is this inclusive of employer
CPF? How about bonuses?
For example, if someone's has:
Base salary: $10,000
Employee
CPF: $1,200
Take home salary: $8,800
Employer
CPF: $1,020
Annual bonus: $20,000 (For simplicity, I'm going to pretend there is no
CPF on this bonus)
Does this mean his total income is calculated as:
A) $10,000 x 12 = $120,000
B) ($10,000 x 12) + $20,000 = $140,000
C) ($10,000 x 12) + ($1,020 x 12) + $20,000 = $152,240
D) $8,800 x 12 = $105,600
E) ($8,800 x 12) + $20,000 = $125,600
Which value (A to E) is correct?