Question: Please calculate ABC Ltd.'s WCB premium (gross earnings over 98,700 is considered excess earnings) Mr. A - Annual Salary $120,000, Vacation pay 10%, Pay period

Please calculate ABC Ltd.'s WCB premium (gross earnings over 98,700 is considered excess earnings)

Mr. A - Annual Salary $120,000, Vacation pay 10%, Pay period frequency: Monthly. Number of hours required to work monthly is 160. Any hours over 162 is considered overtime.

Mr. B - Annual Salary $163,000, Vacation pay 4%, Pay period frequency: Semi-monthly. Mr. B is required to work 80 hours per pay cycle, any hours over 85 is considered overtime.

Mr. C - Annual Salary $99,000. Vacation pay 6%, Pay period frequency: Monthly. Number of hours required to work monthly is 150. Any hours over 155 is considered overtime.

Assume followings are Mr. A, B, and C gross earnings in 2023

Mr. A - $120,000, Mr. B - $145,000, and C $65,000

Required:

Please calculate ABC's WCB premium when WCB premium is $2.10 per $100

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