Determine Christine final termination pay

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Question - On 22 November 2020, Christine retired after joining her employer in 1999. Details:

Pay rate is $35 per hour and normal hours are 38 per week.

On retirement, she had 20 hours of annual leave, 275 hours of long service leave and 86 hours of personal leave accrued.

 Christine is entitled to leave loading.

Christine qualified for an early retirement scheme incentive payment of $10,000. The accountant advises that this amount is taxed at 17% which includes Medicare Levy.

The TFN has been supplied, she claims the tax-free threshold and has no offsets.

Christine's retirement is classified as a normal termination.

Required - Determine Christine's final termination pay in accordance with organisational requirements relevant to employment termination processes and payments.

Reference no: EM133055996

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