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apter 13
4. The base rate for workers' compensation insurance for roolers
in one state is $16.95 per $100 paid to employees. The total
monthly payroll for Certified Roofing is $15,738.00. What is the
monthly premium for workers' compensation insurance?

Sagot :

Sqdancefanidn

Answer:

  $2,667.59

Step-by-step explanation:

The insurance premium is found by multiplying the payroll amount by the premium rate.

  ($15,738) × $16.95/$100 = $15,738 × 0.1695 ≈ $2,667.59

The monthly workers' compensation insurance premium is $2,667.59.

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Additional comment

The roofers in that state must have an exceptionally high rate of accident, injury, or illness. Many places, the average rate of workers' comp insurance is less than $2 per $100.

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