Environmental Projects has estimated its total payroll to be $550,000 for the year. It has only has one category of workers which includes its engineers and field workers. The estimated premium for worker's compensation is calculated at 54.125. Environmental Projects has paid thus premium in advance to WorkplaceNL However, at the end of the year the actual total payroll shows $525.000. The rate is $0.75 per 5100 of payroll . 1. Complete the table below to calculate the actual worker's compensation premium 2. Determine if Extironmental Projects should pay an additional premium or if it is entitled to a rebate (refund) and the amount 3. Give the journal entry to record the additional premium or the rebate. Paragraph BI UA Requirement I: Complete the table below to calculate the actual workers compensation pterium. 4 Marks Employee Actual Gross Rate Per $100 Number of Total Group Annual Payroll of Payroll 5100 Actual Premium Engineers & Field Workers Requirement 2: 2 Marks win Enironmental Projects be required to pay an additional premium or is it entitled to a rebate (refund) Wusthofadditional terbate! Paragraph B IV A, ED 0 + Requirement 1: Complete the table below to calculate the actual worker's compensation premium. 4 Marks Employee Actual Gross Rate Per $100 Number of Total Group Annual Payroll of Payroll 5100 Actual Premium Engineers & Field Workers D Requirement 2: 2 Marks Will Environmental Projects be required to pay an additional premium or is it entitled to a rebate (refund)? What is the amount of the additional premium or rebate? Requirement 3: Prepare the journal entry to record the additional premium or the rebate 2 Marks Accounts Debit Credit Date 2021 Dec. 31 Requirement 2 2 Marks Will Environmental Projects be required to pay an additional premium or is it entitled to a rebate (refund)? What is the amount of the additional premium or rebate? Requirement 3: Prepare the journal entry to record the additional premium or the rebate. 2 Marks Accounts Debit Credit Date 2021 Dec. 31 Environmental Projects has estimated its total payroll to be $550,000 for the year. It has only has one category of workers which includes its engineers and field workers. The estimated premium for worker's compensation is calculated at 54.125. Environmental Projects has paid thus premium in advance to WorkplaceNL However, at the end of the year the actual total payroll shows $525.000. The rate is $0.75 per 5100 of payroll . 1. Complete the table below to calculate the actual worker's compensation premium 2. Determine if Extironmental Projects should pay an additional premium or if it is entitled to a rebate (refund) and the amount 3. Give the journal entry to record the additional premium or the rebate. Paragraph BI UA Requirement I: Complete the table below to calculate the actual workers compensation pterium. 4 Marks Employee Actual Gross Rate Per $100 Number of Total Group Annual Payroll of Payroll 5100 Actual Premium Engineers & Field Workers Requirement 2: 2 Marks win Enironmental Projects be required to pay an additional premium or is it entitled to a rebate (refund) Wusthofadditional terbate! Paragraph B IV A, ED 0 + Requirement 1: Complete the table below to calculate the actual worker's compensation premium. 4 Marks Employee Actual Gross Rate Per $100 Number of Total Group Annual Payroll of Payroll 5100 Actual Premium Engineers & Field Workers D Requirement 2: 2 Marks Will Environmental Projects be required to pay an additional premium or is it entitled to a rebate (refund)? What is the amount of the additional premium or rebate? Requirement 3: Prepare the journal entry to record the additional premium or the rebate 2 Marks Accounts Debit Credit Date 2021 Dec. 31 Requirement 2 2 Marks Will Environmental Projects be required to pay an additional premium or is it entitled to a rebate (refund)? What is the amount of the additional premium or rebate? Requirement 3: Prepare the journal entry to record the additional premium or the rebate. 2 Marks Accounts Debit Credit Date 2021 Dec. 31