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Mahum Irfan
on Nov 02, 2024

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The nominal value of an accumulated benefit for long service leave is calculated as (Years of employment/Years required for LSL) x (weeks of paid leave/52) x _____ __.

A) current salaries
B) projected salaries
C) current salaries / (1+inflation rate) n
D) projected salaries x (1+inflation rate) n

Long Service Leave

An employee benefit that grants extended paid leave for workers who have been with their employer for a long period.

Nominal Value

The face value of a bond or stock, which is the amount paid at maturity, not necessarily its current market value.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

  • Estimate liabilities and discern responsibilities related to service of employees.
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JA
Jaxon AutryNov 07, 2024
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