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when-in-any-year-the-allocable-surplus-exceeds-the

Q.

When in any year the allocable surplus exceeds the amount of minimum bonus payable to the employees, the maximum bonus payable by employer is

[A] 8.33 percent

[B] 10 percent

[C] 20 percent

[D] 25 percent

Answer & Explanation
Answer: 20 percent

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