Question
1)Mariejoined Prince Packaging, an Alberta company, in May1982. Her employment was terminated on April 30, 2014and she was paid a$66,600.00retiring allowance. On termination,Mariewas fully vested
1)Mariejoined Prince Packaging, an Alberta company, in May1982. Her employment was terminated on April 30, 2014and she was paid a$66,600.00retiring allowance. On termination,Mariewas fully vested in her company's pension plan, which she joined in November1985. Calculate the non-eligible portion of the retiring allowance.
2)Adam works in Alberta and is terminated after 9 years of service with the same company. How many weeks' wages in lieu of notice is he entitled to? What is the gross amount of this payment if Adam earns a bi-weekly salary of $1,888?
3)Alexys works in Alberta and is terminated for poor performance. She is owed four weeks' vacation less three days previously taken. Alexys earned a semi-monthly salary of $2,083.33.Calculate the vacation pay owed to her on termination.
4 Owen works in Ontario and is entitled to severance. He earned an annual salary of $48,900 and was employed for 7 years and 6 months. Calculate the gross amount of Owen's severance payment. How much would Owen's severance payment be if he worked for a federally regulated company like a bank?
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