Joe's Tax Service has two types of employees, management and clerical support. The company estimates that it will pay the clerical support $510,000 next year and the managers $280,000. For every $100, the company pays $0.14 into the workers' compensation insurance. Calculate the amount of workers' compensation insurance.
A) $1,106
B) $714
C) $392
D) None of the above is correct.

Question

Quizplus · Accepted Answer

The total amount paid to employees is $510,000 + $280,000 = $790,000. The amount of workers' compensation insurance is $790,000 x 0.14 = $1,106.

Joe's Tax Service Has Two Types of Employees, Management and Clerical