Sure, let's go through the calculations step-by-step for both the vacation pay owed and the Lieu of Notice pay.
### Vacation Pay Owed
#### Last Year:
1. Calculate Annual Salary:
- Monthly salary: [tex]$2,500
- Number of months worked: 24
- Annual salary = $[/tex]2,500 * 24 = [tex]$60,000
2. Calculate Vacation Pay:
- Vacation pay percentage: 4% of annual salary
- Vacation pay = $[/tex]60,000 * 0.04 = [tex]$2,400
#### This Year:
1. Calculate Salary for the Period:
- Monthly salary: $[/tex]2,750
- Number of months worked: 13
- Salary for the period = [tex]$2,750 13 = $[/tex]35,750
2. Calculate Vacation Pay:
- Vacation pay percentage: 4% of salary for the period
- Vacation pay = [tex]$35,750 0.04 = $[/tex]1,430
#### Total Vacation Pay Owed:
- Add the vacation pay for last year and this year: [tex]$2,400 + $[/tex]1,430 = [tex]$3,830
### Lieu of Notice Pay Owed
#### Weekly Salary Calculation:
1. Calculate Annual Salary at Current Rate:
- Monthly salary: $[/tex]2,750
- Number of months in a year: 24
- Annual salary = [tex]$2,750 24 = $[/tex]66,000
2. Compute Weekly Salary:
- There are 52 weeks in a year
- Weekly salary = [tex]$66,000 / 52 ≈ $[/tex]1,269.23
#### Total Lieu of Notice Pay:
- Number of weeks for Lieu of Notice: 4
- Lieu of Notice pay = 4 weekly salary ≈ 4 * [tex]$1,269.23 ≈ $[/tex]5,076.92
### Summary
- Total Vacation Pay Owed: [tex]$3,830
- Total Lieu of Notice Pay Owed: $[/tex]5,076.92
This is the detailed breakdown of how much vacation pay and Lieu of Notice pay are owed.
