a certain construction company is obligated to pay 13.89% on earned wages into workers compensation…

a certain construction company is obligated to pay 13.89% on earned wages into workers compensation insurance. what is the workers compensation payment on $30,000 of wages? worker’s comp. payment = $? round to the nearest hundredth.

a certain construction company is obligated to pay 13.89% on earned wages into workers compensation insurance. what is the workers compensation payment on $30,000 of wages? worker’s comp. payment = $? round to the nearest hundredth.

Answer

Explanation:

Step1: Convert percentage to decimal

To convert 13.89% to a decimal, divide by 100. So $13.89%=\frac{13.89}{100}=0.1389$.

Step2: Calculate worker - compensation payment

Multiply the decimal - form of the percentage by the total wages. The total wages are $30000$. So the worker's compensation payment is $0.1389\times30000$. $0.1389\times30000 = 4167$

Answer:

$4167.00$