Thomas Young started working for Little Pear Administration Pty Ltd on 27 May 2008. He recently turned
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Thomas Young started working for Little Pear Administration Pty Ltd on 27 May 2008. He recently turned 60 years old and will be retiring from Little Pear Administration Pty Ltd on 11 January 2019. His taxable income up to the retirement date is $100,000 and his accrued annual leave is $3,400. Thomas receives $76,600 as gratuity for his years of service.
- What would be the difference in Thomas’ ETP if he started employment before August 1983? Explain your answer. (Just explain what would happen. Calculations are not required).
- (i) What is the consequence of paying the ETP over 12 months after the termination date? (Just explain what would happen. Calculations are not required).
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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