Based on a salary of $2500, what is the employee's contribution for a Singapore employee to his or her CPF accounts?$600$500$700$300
Question
Based on a salary of $2500, what is the employee's contribution for a Singapore employee to his or her CPF accounts?$600$500$700$300
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Solution 1
In Singapore, the Central Provident Fund (CPF) contribution rates vary depending on the wage band and the age of the employee. However, as the age is not specified in the question, we will assume the employee is under 55 years old, which has the highest contribution rate.
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