At Fox Furniture, employees are classified according to job title for workers' compensation insurance premium computation purposes.
a. Based on the following payroll estimates as of January 1, what is the estimated workers' compensation insurance premium for the year 20XX?
b. The actual payroll for 20XX is listed below. What is the workers' compensation premium based on the actual payroll?
c. What is the difference between the actual and the estimated premiums?
a.
b.
c. $349.34
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Indicate whether the statement is true or false
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