In the event of an interruption of earnings for a bi-weekly pay period, an electronic...

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Accounting

In the event of an interruption of earnings for a bi-weekly pay period, an electronic Record of Employment must be issued within:

five business days after the interruption of earnings

five business days after the end of the pay period in which the interruption of earnings occurs

five calendar days after the interruption of earnings

five calendar days after the end of the pay period in which the interruption of earnings occurs

Raminder was hired in January 1997. He was fully vested in the organization's pension plan at the time he received the retiring allowance. His employment was terminated on May 1, 2006 and he was paid a $10,000.00 retiring allowance. Calculate the eligible portion of the retiring allowance.

$2,000.00

$7,500.00

$10,000.00

None of the retiring allowance is eligible

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