Gene's Tax Service has two types of employees,management and clerical support.The company estimates that it will pay the clerical support $500,000 next year and the managers $255,000.For every $100,the company pays $0.14 into the workers' compensation insurance.Calculate the amount of worker's compensation insurance.
A)$1,057
B)$336
C)$441
D)None of the above is correct.

Question

Quizplus · Accepted Answer

The total amount paid to employees is $500,000 + $255,000 = $755,000. The amount of worker's compensation insurance is $755,000 * 0.14 = $1,057.

Gene's Tax Service Has Two Types of Employees,management and Clerical