Question

Freehold Foods, an Ontario organization, will be terminating the employment of Annette
Rose on January 30, 2015, the last day of the pay period. Annette started with Freehold
Foods on March 15, 2007. Complete the paper Record of Employment for Annette based
on the information provided in the following chart. The company is not providing the
equivalent of 53 weeks of pay information as part of the Variable Best Weeks initiative.
All dates must be entered in the format DDMMYYYY. (10)

Item Information
Pay period type bi-weekly
Social Insurance Number 685175235
First day worked March 15, 2007
Last day for which paid January 30, 2015
Final pay period ending date January 30, 2015
Hours worked per pay 80.00
Pay period earnings 2,071.15
Vacation pay rate 10%
Vacationable earnings 56,500.00
Pay in lieu of notice weeks 8 weeks
Severance weeks 10 weeks

Answer 1

To calculate the insurable earnings;

RATIONALE

The correct answer is 42,930.7

• To complete Block 15B, determine the number of consecutive pay periods required to calculate the total insurable earnings for a bi-weekly pay period frequency, 14.
• The total insurable earnings will include the employee's pay period earnings for 14 pays, plus any other insurable earnings paid on termination of employment.
• Multiply the number of consecutive pay periods required by the pay period type, 14, by the pay period insurable earnings of $2,071.15 for insurable earnings of $28,996.10
• Add the vacation pay of $5,650.00 and the pay in lieu of notice of $8,284.6 for total insurable earnings of $42,930.7