determining employer contributions ear a6 in state A, which uses the reserve rab

Question

determining employer contributions ear a6 in state A, which uses the reserve rabio formula in Reserve Ratio 0.0% or more, but less than 1.0% 1.0% or more, but less than 1.2% 1.2% or more, but less than 1.4% 1.4% or more, but less than 1.6% 1.6% or more, but less than 1.8% 1.8% or more, but less than 2.0% 2.0% or more, but less than 2.2% 2.2% or more, but less than 2.4% 2.4% or more, but less than 2.6% 2.6% or more, but less than 2.8% 2.8% or more, but less than 3.0% 3.0% or more, tut less than 3.2% 3.2% or more Contribution Rate 6,7% 6,4% 6.1% 5.8% 5.5% 5.2% 4,9% 4.6% 4.3% 4.0% 3.7% 3.4% 3.196 Hyram Compan y, which is located in State A, had an average annual payroltl of $870,000 for the three 12-month periods ending on June 30, 2017 (the computation date for the tax year 2018) As of June 30, 2017, the total contributions that ha Company's reserve account, in excess of the benefits charged, amounted to $17.835. Compute the following:

Explanation / Answer

a. Reserve ratio = Total Contribution in Excess of Benifiits Charged / Avg Annual Payroll = $ 17835 / $ 870000 = 2.05%

b. 4.9%

c.

d. 4th part is not visible at all. here also, I believe it is $ 870000 in calculation and not $ 876000 due to very low picture quality. Make sure please. Thanks

Balance needed to qualify for 4.60% rate (870000 x 2.20%) $ 19140 Less: Actual Balance $ 17835 Contribution Needed

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