Question: Which statement relating to workers' compensation insurance is not true? Group of answer choices When workers' compensation insurance is paid in advance, prepaid workers' compensation

Which statement relating to workers' compensation insurance is not true? Group of answer choices When workers' compensation insurance is paid in advance, prepaid workers' compensation insurance is debited and bank is credited. The premium is based on a percentage of the wages and salaries bill for the coming year. The precentage rate of premium is the same rate for all employers. It is compulsory for all employers to take out workers' compensation insurance.

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