Why is it important for workers compensation wages to be classified according to the type of work

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Why is it important for workers’ compensation wages to be classified according to the type of work performed?
a. The company will likely pay a different rate on each classification.
b. Some classifications are exempt from workers’ compensation rates.
c. Federal law requires classification.
d. The wages must be reported by classifications on Form 941.

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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