For this exercise, please assume a province that has three rates for worker’s compensation: General Office Workers, $1.85 per $100; Sales Staff, $2.45 per $100; Management Personnel, $1.25 per $100. 

In this province, DSK Enterprises operates a business that has workers in each of these categories. The company has projected the following salary expense for each category of employee for the calendar year: 

General Office Worker.............$286,000 

Sales Staff....................................375,000 

Management Personnel...........460,000 

Required 

a. Calculate the WCB premium that DSK would submit to its provincial WCB for the year. 

b. Given that actual salary expenses turned out to be as shown below, calculate the refund or added premium that the company receives from, or has to send to, its WCB early in January of next year. 

General Office Worker............$292,000 

Sales Staff...................................374,000 

Management Personnel...........468,000