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 $20,000 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 $20,000 of wages? worker’s comp. payment = $? round to the nearest hundredth.

Answer

Answer:

$5024.00$

Explanation:

Step1: Convert percentage to decimal

$25.12%=0.2512$

Step2: Calculate worker's compensation payment

$0.2512\times20000 = 5024.00$