n most states, when calculating an employer's workers' compensation premium, the employer's manual premium will be calculated first. The manual premium rates are reflective of claim costs for the average employer in the particular industry, and are for specific job classifications within that industry. The rate is then applied to the particular employer's estimated payroll for each of the job classifications for the upcoming policy year. In essence, manual rates reflect how much an employer pays for premium per what amount of payroll expense? (In other words a job classification with a manual rate of $0.24 will pay $0.24 for every $ ______ of payroll.)

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