Calculate the Louisiana workers' compensation premium for a roofing contractor with a $500,000 annual payroll and a rate of $18.50 per $100 of payroll:
Correct Answer
D) $92,500
Premium = ($500,000 ÷ $100) × $18.50 = 5,000 × $18.50 = $92,500
Why This Is the Correct Answer
Premium = ($500,000 ÷ $100) × $18.50 = 5,000 × $18.50 = $92,500
More la-supplement Questions
A contractor in Louisiana completes $85,000 worth of work on a residential project. The owner pays $70,000 but disputes the remaining $15,000. If the contractor files a lien claim, what percentage penalty can be awarded if the contractor prevails in court?
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A Louisiana contractor's employee earns $3,200 per month and is injured on the job, resulting in total temporary disability. What is the approximate weekly workers' compensation benefit if the state average weekly wage is $950?
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