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A Tennessee residential contractor has 8 employees with a total weekly payroll of $6,400. If the workers' compensation rate is $2.85 per $100 of payroll, what is the weekly workers' compensation premium?

Correct Answer

D) $182.40

Weekly premium = ($6,400 ÷ $100) × $2.85 = 64 × $2.85 = $182.40

Answer Options
A
$164.80
B
$198.20
C
$224.64
D
$182.40

Why This Is the Correct Answer

Weekly premium = ($6,400 ÷ $100) × $2.85 = 64 × $2.85 = $182.40

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