Question

estimates that its office employees will earn $50,000 next year and its factory employees will earn $260,000. The firm pays the following rates for workers’ compensation insurance: $0.42 per $100 of wages for the office employees and $4.60 per $100 of wages for the factory employees. Compute the estimated premiums for the office and factory employees.

Answer 1

If the business is doing good then it would be bringing in 20000 dollars of profit as they keep bringing in money and the wages are 4.55