n Oregon, employers who are covered by the state workers\' compensation law with

Question

n Oregon, employers who are covered by the state workers' compensation law withhold employee contributions from the wages of covered employees for the workers' benefit fund at the rate of 1.65¢ for each hour or part of an hour that the worker is employed. Every covered employer is also assessed 1.65¢ per hour for each worker employed for each hour or part of an hour. The employer-employee contributions for workers' compensation are collected monthly, quarterly, or annually by the employer's insurance carrier, according to a schedule agreed upon by the employer and the carrier. The insurance carrier remits the contributions to the state's Workers' Compensation Department. Cortez Company, a covered employer in Oregon, turns over the employer-employee workers' compensation contributions to its insurance carrier by the 15th of each month for the preceding month. During the month of July, the number of full-time employee-hours worked by the company's employees was 8,270; the number of part-time employee-hours was 1,950. a. The amount the company should have withheld from its full- and part-time employees during the month of July for workers' compensation insurance is: (Round your answers to the nearest cent.)

Explanation / Answer

Full time employee hours : 8,270 @ 1.65   =    13,646 cent

Part time employee hours : 1,950 @ 1.65    =       3,218 cent

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