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indicate in the chart the number of insurable hours, the amount of insurable earnings and state which pay period they would be allocated to SCENARIO

indicate in the chart the number of insurable hours, the amount of insurable earnings and state which pay period they would be allocated to SCENARIO

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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indicate in the chart the number of insurable hours, the amount of insurable earnings and state which pay period they would be allocated to SCENARIO

INSURABLE HOURS INSURABLE EARNINGS ALLOCATED TO WHICH PAY PERIOD?

Maria is being paid out $630.00 in excess accrued vacation, the equivalent of 21.00 hours.

 

Frank’s employment is being terminated; Oct.30 will be his last day worked.

He has 80.00 hours accrued vacation worth $2,675.00 that will be paid to him on termination.

 

Cathy took 75.00 hours vacation and was paid $1,500.00 in vacation pay.

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