a certain construction company is obligated to pay 25.12% on earned wages into workers compensation…

a certain construction company is obligated to pay 25.12% on earned wages into workers compensation insurance. what is the workers compensation payment on $35,000 of wages? worker’s comp. payment = $? round to the nearest hundredth.

a certain construction company is obligated to pay 25.12% on earned wages into workers compensation insurance. what is the workers compensation payment on $35,000 of wages? worker’s comp. payment = $? round to the nearest hundredth.

Answer

Explanation:

Step1: Convert percentage to decimal

To use the percentage in a calculation, convert 25.12% to a decimal. We divide the percentage by 100. So, $25.12%=\frac{25.12}{100}=0.2512$.

Step2: Calculate the payment

Multiply the decimal - form of the percentage by the total wages. Let $P$ be the worker's compensation payment, and the total wages $W = 35000$. Then $P=0.2512\times35000$. $P = 0.2512\times35000=8792$.

Answer:

$8792.00$