College Accounting 2nd Edition by David Haddock, John Price,Michael Farina

تمرين 13

Computing workers' compensation insurance premiums.
Canzano Medical Supplies estimates that its office employees will earn $205,000 next year and its factory employees will earn $960,000. The firm pays the following rates for workers' compensation insurance: $0.57 per $100 of wages for the office employees and $8.31 per $100 of wages for the factory employees. Determine the estimated premium for each group of employees and the total estimated premium for next year.