Answered

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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 :

sqdancefan

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.

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