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Fred has worked for an advertising company in British Columbia since May 5, 1986. His...

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Accounting

Fred has worked for an advertising company in British Columbia since May 5, 1986. His employment was terminated on August 31, 2013, and he was paid a $47,000.00 retiring allowance. His company did not have a pension plan, a pension fund or a deferred profit sharing plan.

Calculate the eligible portion of the retiring allowance based on Fred's service. Your answer:

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