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Calculate any leave pay provision

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Question - Mark limited has one employee. His name is scott.

Scot is paid N$ 365 000 per year But this is expected to increase by 10% in 2017

The year is 365 days and Scott is expected to work 5 days a week

Scott is owed 30 days leave per year

Scott took 20 days in 2016. Scott's leave is accumulating

Marks financial year end is 31 December 2016

Calculate any leave pay provision at 31 December 2016 assuming the leave is accumulating and vesting (i.e Scott is entitled to convert his unused leave into cash) past experience suggests that Scott will only take 90% of his unused leave balance before he finally either resigns or retires from Mark limited.

Reference no: EM132966262

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