Part 5: Vacation Accrual (5 BONUS Marks) Dale worked full-time for his employer...
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Part 5: Vacation Accrual (5 BONUS Marks)
Dale worked full-time for his employer for almost 2 years and decided to resign.
His vacation entitlement was accrued during his tenure and was based on two weeks, during his first two years of employment and was increased to three weeks on September 1st 2018.
Dale had taken only two weeks of vacation, during the summer of 2018.
The vacationable year of the company is designated from Sept 1st to Aug 31st.
Dales year-to-date earnings were as follows;
Sept 1, 2016 to Aug 31, 2017 = $10,250 (employment start date Mar 1, 2017)
Sept 1, 2017 to Aug 31, 2018 = $24,500
Sept 1, 2018 to Aug 31, 2019 = $7,750 (employment end date Oct 31, 2018)
Required:
- determine what vacation time (in # days) is outstanding
- determine what vacation pay (in $ dollars) is accrued
NOTE: Input answers below and demonstrate ALL calculations.
Total Vacation Days Outstanding = #
Total Vacation Pay Owing = $
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