Small Orange Fine Foods is a specialty grocery store. The employees are classified according to job titles
Question:
Small Orange Fine Foods is a specialty grocery store. The employees are classified according to job titles for workers’ compensation insurance premium computation purposes.
a. Based on the payroll estimates as of January 1, what is the total estimated workers’ compensation premium for 20XX?
b. The actual payroll for 20XX is listed below. What is the workers’ compensation premium based on the actual payroll?
c. What is the difference between the actual and the estimated premiums?
Transcribed Image Text:
Employee Classification Grocery Clerk Shelf Stocker Stock Handler Rate per $100 of Payroll $0.75 1.90 2.40 Estimated Payroll for 20XX $192,500 212,160 237,120 Workers' Compensation Total Premium = Premium
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
Small Orange Fine Foods is a specialty grocery store. The employees are classified according to job titles for workers' compensation insurance premium computation purposes. a. Based on the payroll...
-
Wilson's Fine Foods is a specialty grocery store. The employees are classified according to job titles for workers' compensation insurance premium computation purposes. a. Based on the payroll...
-
AS OF JANUARY 1 2014 Assets Equity Cash54970Common stock265640 Equity investments availableforsale241420Accumulated other comprehensive income30750 Total296390Total296390 The accumulated other...
-
You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10 million. Investment A will generate $2 million per year (starting at the end...
-
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown on the next page. Required: 1. Calculate the unit cost for...
-
Bevis Bag Co. purchased a tract of land on August 31 of the current year, paying $225,000. Prior to the sale, the seller paid property taxes of $18,000 on the property. The taxes covered the calendar...
-
Consider the simple linear regression model fit to the tank pressure and volume data in Problem 2.16. Problem 2.16 Carroll and Spiegelman ("The Effects of Ignoring Small Measurement Errors in...
-
The following transactions occurred during 2014. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated...
-
A company expects a 2 0 % return on equity invested entirely in new projects. The company's management plans to retain 3 0 % of its net profits. Earnings per share for the coming year are 3 and the...
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
At Fox Furniture, employees are classified according to the job title for workers compensation insurance premium computation purposes. a. Based on the following payroll estimates as of January 1,...
-
What is the difference between Form W-2 and Form W-3? 22222 b Employer identification number (EIN) a Employee's social security number c Employer's name, address, and ZIP code d Control number e...
-
Use the tables to evaluate the following. 0 f(x) 8 X x 2 2 0 2 8 g(x) 4 4 6 0 6 4 0 6 2 8 4 8 6
-
Samantha is widowed and has three children who are young adults. She'd like to move assets to them over time without estate tax and without using her gift and estate tax exemption. She gives about...
-
A German supplier is offering two options to his American client to pay for an equipment: paying 12,000 euros in 3 months or paying 15,000 dollars in 6 months. If the annual interest rate for the...
-
Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshua sells the 100 shares for $152.12 per share. In addition, Joshua...
-
2. Since 2012, Allstate (ALL) has paid dividends every year at the following amount: 2012 2013 2014 2015 2016 $0.88 $1.00 $1.12 $1.20 $1.32 You had purchase Allstate stock because you just started...
-
Use the power series method to solve the initial value problems below (1.1) (1.2) (1-x)y" - 6xy' - 4y = 0; with y(0) = 1; and y'(0) = 1 (x+1)y" - 6xy' + 12y = 0; y(0) = 1, y'(0) = 1.
-
When a certain motor is started, it is noticed that its supporting frame begins to resonate when the motor speed passes through 900 rpm. At the operating speed of 1750 rpm the support oscillates with...
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
Read the article The Governance of Nonprofit Organizations: Integrating Agency theory With Stakeholder and Stewardship Theories by Stijn Van Puyvelde, Ralf Caers, Cind Du Bois, and Marc Jegers. (See...
-
Read the article, Preserving the Publicness of the Nonprofit Sector: Resources, Roles, and Public Values by Stephanie Moulton and Adam Eckerd. Describe resource dependency theory and identify the...
-
Read the article, Preserving the Publicness of the Nonprofit Sector: Resources, Roles, and Public Values by Stephanie Moulton and Adam Eckerd. Explain how open systems theory is used to study how the...
-
5. A company signed a $10,000 note payable with an interest rate of 5% on October 1, 2019. Assuming no payments have been made, what is the amount of interest payable on December 31, 2019 (rounded to...
-
3. Space Fuel, Inc., is considering two mutually exclusive alternatives, given details below in Space Federation Dollars (SFD), as part of a propellant production facility on Mars. This facility will...
-
In what ways do endocrine glands, such as the hypothalamus, pituitary, thyroid, adrenal, and pancreas, exhibit exquisite control over homeostasis through the secretion of hormones, and how do...
Study smarter with the SolutionInn App