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For this exercise, please assume a province has three rates for workers' compensation: general office workers, $ per $; sales staff, $ per $; management personnel, $ per $
In this province, DSK Enterprises operates a business that has workers in each of these categories. The company has projected the below salary expense for each category of employee for the calendar year.
View the projected salary expense.
Read the requirements.
a Calculate the workers' compensation premium that DSK Enterprises would submit to its provincial WCB for the year. Round your answers to the nearest cent.
Expected Premium
General Office Worker
Sales Staff
Management Personnel
Total cheque to be sent
Required
Projected Salary Expense
a Calculate the workers' compensation premium that DSK Enterprises 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 the next year.
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