Why is it necessary to classify employees by kind of work performed when computing the cost of

Question:

Why is it necessary to classify employees by kind of work performed when computing the cost of workers' compensation insurance?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Payroll Accounting 2016

ISBN: 978-1337072649

26th edition

Authors: Bernard J. Bieg, Judith Toland

See More Books

Question Posted: Oct 25, 2016 10:56 AM

See More Questions

Why is it necessary to consider the economic and demographic environment in assessing a governmental entitys financial condition?
Why is it necessary to count inventory when a perpetual inventory control system is used? Explain. Why is it necessary to count inventory when a periodic inventory control system is used? Explain.
Why is it necessary to have international auditing standards?
Compute the determinant below. 14 8 8 8 51 1000 8 7 3 0 0 0 8 8 8 8 8 2
Timepiece Products, a clock manufacturer, operates at capacity. Constrained by machine time, the company decides to drop the most unprofitable of its three product lines. The accounting department...
The Sleeping Flower Co. has earnings of $1.75 per share. The benchmark PE for the company is 18. What stock price would you consider appropriate? What if the benchmark PE were 21?
Explain how the control variate technique is implemented.
Sydney Company had retained earnings of $56,000 and total stockholders equity of $75,000 at the beginning of 20X1. During 20X1 the company had net income of $21,000, declared and paid cash dividends...
What are some reasons why understanding the organization of the Internal Revenue Code may prove useful in the accounting world no matter what your job title is ?
Jim Coston was reviewing the latest income statement for Trenton Communications. For the second year in a row, the Audio division was showing a negative segment margin, and Jim thought it was time to...
What is the effect of each of the following postings upon the assets, liabilities, and owner's equity of a company? a. A debit to Wages. b. A credit to FICA Taxes Payable-HI. c. A debit to SUTA Taxes...
What accounts are debited and credited when an employer records the electronic transfer of FICA taxes and federal income taxes that have been withheld?
Sample of 25 measurements on a normally distributed quality characteristic has a mean of 85 and a standard deviation of 1. Using a confidence probability of 0.95, find a value such that 90% of the...
The Constitution of the United States describes how ruling power is shared between the national and state governments. However, local governments within the United States have no constitutionally...
A parachutist jumps out of a stationary hot air balloon. The air resistance force on the parachutist is assuming to be proportional to the square of the velocity of the parachutist: Fair resistance =...
Use the Intermediate Value Theorem (IVT) to show that there is a solution to the given equation in some interval. You must find an appropriate interval where the solution exists. You must show the...
Given the following information on "Data for 3 Assets": ASSET CLASS LARGE CAP STOCKS GOLD EMERGING MARKET STOCKS CORRELATION (LARGE CAP STOCKS & GOLD) EXP. RETURN (%) CORRELATION (EMERGING MARKET...
In this exercise, we review a simple but very powerful mechanism that can be used to reduce the bias of a source of entropy. Suppose that you have access to a source of bits and you want to generate...
A program contains a seven-element array that holds the names of the days of the week. At the start of the program, you display the day names using a subscript named dayNum. You display the same...
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
The following payroll liability accounts are included in the ledger of Eikleberry Company on January 1, 2011. FICA Taxes Payable .............$ 662.20 Federal Income Taxes Payable .........1,254.60...
For the year ended December 31, 2011, R. Visnak Company reports the following summary payroll data. Gross earnings: Administrative salaries ......... .$180,000 Electricians wages .............320,000...
Selected payroll procedures of Wallace Company are described below. 1. Department managers interview applicants and on the basis of the interview either hire or reject the applicants. When an...
exploration of the history of street art and its controversies of ppt/quicktime video.
Solve the following problems. Reduce answers to their lowest terms. Box your answers. 1 5 1.+ -= 4 12 2 2.- + 3 9 = 11 Convert improper fractions to mixed numbers. 2 11 3. + == 5 12 4 4 4. 12 7 5.35...
When average consumer income increased by 6%, BakeCo oven cleaner sales increased from 21,000 units to 22,500 units. Given this information,what is income elasticity for BakeCo oven cleaner ?

Why is it necessary to classify employees by kind of work performed when computing the cost of

Question:

Step by Step Answer:

To conclude we can say that when computing the cost ...View the full answer

Payroll Accounting 2016

Students also viewed these Accounting questions