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Kazana Medical Supplies estimates that its office employees will earn $204,000 next year and its factory employees will earn $959,000. The firm pays the following
Kazana Medical Supplies estimates that its office employees will earn $204,000 next year and its factory employees will earn $959,000. The firm pays the following rates for workers' compensation insurance: $0.70 per $100 of wages for the office employees and $8.30 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 Estimated Premium Office Factory Total Rate
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