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John Peterson was employed by an insurance company in, Lethbridge, Alberta since July 1986. He was earning $1800 biweekly when his employment was terminated on January 13, 2017. Upon termination, John receives six months severance plus his outstanding vacation pay of $2400. John did not participate in a company-sponsored RPP or a deferred profit sharing plan. Problem 1) Calculate the amount of severance pay. John will receive. Problem 2) Calculate the EI premium for John's final pay. Earnings. Problem 3) How much of John severance pay is eligible to transfer to an RRSP Problem 4) Calculate the tax to be deducted on the remaining severance pay, if John had $15,000 of severance pay transferred to an RRSP.
BB made 9,000 units of RM, incurring 10,500 hours of labor at a total cost of $193, 000. What is the flexible-budget labor variance for the current period
Sirrus desires a profit equal to a 30% rate of return on invested assets of $350,000. Determine the amount of desired profit from the production
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Prior to 2010, taxable income and pretax financial income were identical. Compute taxable income and income tax payable for 2011
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Assuming that the cost of capital on investment is 12% , calculate the residual income of each of the segments
At fair value were P6,000,000 for current assets and P12,000,000 for noncurrent assets. What amount is credited to Gain on Bargain Purchase, if any?
The modified accrual basis of accounting is used in presenting the fund financial statements of the governmental funds because:
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