Whartside Mahutacturing estimates that its office employees will earn $56,000 next year and its factory employees will earn $274.000. The firm pays the following rates for workers' compensation insurance: $0.40 per $100 of wages for the office employees and $4.40 per $100 of wages for the factory employees. Compute the estimated premiums for the office and factory employees. Office employees Factory employees
Whartside Mahutacturing estimates that its office employees will earn $56,000 next year and its factory employees will earn $274.000. The firm pays the following rates for workers' compensation insurance: $0.40 per $100 of wages for the office employees and $4.40 per $100 of wages for the factory employees. Compute the estimated premiums for the office and factory employees. Office employees Factory employees
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 4CE
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