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The Nominal Value of an Accumulated Benefit for Long Service

Question 21

Multiple Choice

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

Correct Answer:

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