a certain retail company is obligated to pay 2.17% on earned wages into workers compensation insurance. what…

a certain retail company is obligated to pay 2.17% 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 retail company is obligated to pay 2.17% 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

$2.17%= 0.0217$

Step2: Calculate the payment

$35000\times0.0217 = 759.50$

Answer:

$759.50$