NLIC.org

Pamela Said:

Which of these measures are on Barack Obama agenda?

We Answered:

What does Obama have to do with a Colorado referendum?.

Herman Said:

I needs help. Unit 13 insight?

We Answered:

15.
The base rate of Worker’s Compensation insurance at Melvin’s Convinence Store is $8.23 per $100 paid to employees. The total payroll is $8,345. Find the premium.
A) $620.00
B)
C) $524.00
D) $498.67

8345*8.23/100 = $686.79



16.
In Virginia, the current unemployment tax rate is 2.7% of the first $7,000 of taxable wages. Find the maximum state unemployment tax amount
A) $366
B) $238
C) $302
D) $189

7000 * .027 = 189

Lance Said:

The adjustment to journalize an additional premium due at the end of the year for workers' compensation insura

We Answered:

c

Leah Said:

Income tax - workers comp. and disability?

We Answered:

Stop spamming the boards with homework questions. Even rewording them to make them sound like real questions isn't cutting it--.

The IRS has a web site. The IRS pub 525 has the answers to all but your viatical question. Use that publication and do your own homework.

Terry Said:

For pros in the business, what is the average cost to the employer for workmans compensation?

We Answered:

The ONLY cost to the employer is the premium. The premium is based on wages/salary, and the type of work being done. So, for example, an employer of a roofer is going to pay 25% of whatever the wages are, for Workers Comp. If the roofer gets $20,000 a year, the employer pays $5,000 in workers comp.

Deborah Said:

will my worker compensation premium rise after a claim.?

We Answered:

it depends a lot on the degree of the claim, and how many claims you have had, but most likely your premiums will go up slightly