Question

Richard James commenced worked at the Jenson Abattoirs on the 10^th November 1991. He is currently earning currently earning $95,000 per year.

Long service leave entitlement is calculated as 12 weeks leave after the first 10 years of service and 12 calendar days for every year worked in excess of 10 years (proportionate leave for partial year)

Required:

As at 30^th June 2017, calculate the amount of money owing to Richard James for his Long Service Leave entitlement.

Answer 1

Hello Sir/ Mam

Long Service Leave Entitlement :

For first 10 years of service : 12 weeks

For every year after 20 years : 12 calender days(proportionate leave for partial year)

Now, total period of service = 30 June 2017 - 10 November 1991 = 25 years and 233 days

Hence, total money owed to Richard James for his Long Service Leave Entitlement = $70,706

I hope this solves your doubt.

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