Explanation please........ Logging Company in Ontario, industry rate of $10.40 per $100 of assessable earnings, with the following employee's annual gross taxable earningsEmployee #1 $235,000.00Employee #2 $99,000.00$350,000.00Employee #3Employee #4$89,000.00Employee #5Employee #6Employee #7 $85,000.00.Employee #8 $75.000.00Total$1121,000.00Calculate the Workers' Compensation premiumProvide two decimal places for the answer.$93,000.00$95.000.00Numeric Response

Workers compensation premium represents the amount that would help the workers when they are injured…

Logging Company in Ontario, industry ras Employee #1 $235.000.00 Employee #2 $99,000.00 Employee #3 $350,000.00 Employee #4 $89,000.00 Employee #5 $93,000.00 Employee #6 $95.000.00 Employee #7 $85,000.00 Employee #8 $75.000.00 $1121.000.00 Total

Logging Company in Ontario, industry ras Employee #1 $235.000.00 Employee #2 $99,000.00 Employee #3 $350,000.00 Employee #4 $89,000.00 Employee #5 $93,000.00 Employee #6 $95.000.00 Employee #7 $85,000.00 Employee #8 $75.000.00 $1121.000.00 Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Explanation please........

Logging Company in Ontario, industry rate of $10.40 per $100 of assessable earnings, with the following employee's annual gross taxable earnings
Employee #1 $235,000.00
Employee #2 $99,000.00
$350,000.00
Employee #3
Employee #4
$89,000.00
Employee #5
Employee #6
Employee #7 $85,000.00.
Employee #8 $75.000.00
Total
$1121,000.00
Calculate the Workers' Compensation premium
Provide two decimal places for the answer.
$93,000.00
$95.000.00
Numeric Response

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