The five percent of the premium or five thousand dollars which is lower is the late filling penalty for omitted the deadline.
The penalty for late filling is late filling is:

= ($925,188.15 / 100) * $1.41

 
= $13,045.1530

The penalty for late filling is late filling is 13,045.1530 in this scenario, thus the applicable penalty for late filling in this situation is $5,000 by taking into account the condition.

The injured employee will get medical attention for their injuries. For the personnel who have got harmed, the job male compensation law states that the health care provider must be approved by the compensation board of workers.

To evade the penalty, proper internal controls must be taken in the next period to guarantee that all statutory payments are made at regular periods of time.