IDNLearn.com: Where your questions are met with thoughtful and precise answers. Ask anything and receive prompt, well-informed answers from our community of knowledgeable experts.
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.
_____
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.