36 An Ohio company, Clevcinn, consists of three subsidiaries. Each has the respective average payroll, unemployment reserve

Question:

36 An Ohio company, Clevcinn, consists of three subsidiaries. Each has the respective average payroll, unemployment reserve fund, and estimated payroll given in Table 36. (All figures are in millions of dollars.) Any employer in the state of Ohio whose reserve/average payroll ratio is less than 1 must pay 20% of its estimated payroll in unemployment insurance premiums or 10% if the ratio is at least 1. Clevcinn can aggregate its subsidiaries and label them as separate employers. For instance, if subsidiaries 2 and 3 are aggregated, they must pay 20% of their combined payroll in unemployment insurance premiums. Formulate an IP that can be used to determine which subsidiaries should be aggregated.

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

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: