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Exercise 11.8 (Algo) Computing workers' compensation insurance premiums. LO 11-8 Kazana Medical Supplies estimates that its office employees will earn $208,000 next year and its

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Exercise 11.8 (Algo) Computing workers' compensation insurance premiums. LO 11-8 Kazana Medical Supplies estimates that its office employees will earn $208,000 next year and its factory employees will earn $963,000. The firm pays the following rates for workers' compensation insurance: $0.80 per $100 of wages for the office employees and $8.20 per $100 of wages for the factory employees. Determine the estimated premium for each group of employees and the total estimated premium for next year. (Round "Rate" answers to 3 decimal places. i.e., 12.3% should be entered as 0.123.) Work Classification Estimated Earnings Rate Estimated Premium Office Factory Total $ 0

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