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Judy Jo is being paid a $45,000.00 retiring allowance on termination of her employment April 25 of the current year. Judy joined the organization in
Judy Jo is being paid a $45,000.00 retiring allowance on termination of her employment April 25 of the current year. Judy joined the organization in 1983; the organization does not have a pension plan. Calculate the eligible and non-eligible portions of Judys retiring allowance.
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