Question
ABC company start 18/OCT/2010 Rick(15% super): Gross wage payments( include sick leave...) 150,000 Self-Contribution to super 20,000 golf-club (not related to work) 25,000 termination payment
ABC company start 18/OCT/2010
Rick(15% super):
Gross wage payments( include sick leave...) 150,000
Self-Contribution to super 20,000
golf-club (not related to work) 25,000
termination payment 30,000
84 Full-time staff (excluding Rick)
Total gross wages payment 5,078,000
overtime payment 126,000
reimbursement (car) 26,400
government funded paid parental leave 31,200
Calculate the total worker's compensation premium payable to WorkCover by the Brisbane ABC for the year ended 30 June 2015 for the 84 staff members including Risk(CEO). Use the Queensland WorkCover Industry Classification rates for the year ended 30 June 2016.
So should i just calculate the premium payable = the wages X the industry rate (provide by the WorkCover)?
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Accounting Principles
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
IFRS global edition
1-119-41959-4, 470534796, 9780470534793, 9781119419594 , 978-1119419617
