Under federal jurisdiction, the severance calculation uses the greater of 2 days wages per completed year or 5 days wages. For 1 year of service at $100 per day, which is greater?

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Prepare for the Canadian Payroll Compliance Legislation Exam. Study with multiple choice questions, each accompanied by hints and explanations. Get ready for your certification exam!

Multiple Choice

Under federal jurisdiction, the severance calculation uses the greater of 2 days wages per completed year or 5 days wages. For 1 year of service at $100 per day, which is greater?

Explanation:
Under federal jurisdiction, severance is the greater of two days’ wages per completed year or five days’ wages. With one year of service at $100 per day, two days’ wages per completed year equals 2 × $100 = $200. Five days’ wages equals 5 × $100 = $500. The greater amount is $500, which corresponds to five days’ wages. Therefore, the correct result is five days’ wages.

Under federal jurisdiction, severance is the greater of two days’ wages per completed year or five days’ wages. With one year of service at $100 per day, two days’ wages per completed year equals 2 × $100 = $200. Five days’ wages equals 5 × $100 = $500. The greater amount is $500, which corresponds to five days’ wages. Therefore, the correct result is five days’ wages.

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