While on a salary of $150 000,C.Cronk retired from Footballers R US after 35 years of service.He was entitled to 13 weeks accrued long service leave for every 15 years of service.How much long service leave pay was he entitled to on his retirement? He had not previously taken any long service leave.

Question

Quizplus · Accepted Answer

To calculate the amount of long service leave pay C.Cronk is entitled to, we can follow the given formula:
Number of weeks of long service leave pay = (Number of years of service/15) x 13

Since C.Cronk has served for 35 years, he is entitled to (35/15) x 13 = 30.666 (approx) weeks of long service leave pay.

To calculate the amount of long service leave pay, we can use the following formula:
Long service leave pay = Normal weekly pay x Number of weeks of long service leave pay

Normal weekly pay = Annual salary/52 = 150000/52 = 2884.61 (approx)

Therefore, Long service leave pay = 2884.61 x 30.666 (approx) = $87,499 (approx)

Hence, the best choice is A) $87,499 as it is the only option that matches our calculated answer.

While on a Salary of $150 000,C