Answer:
$143,941.50
Step-by-step explanation:
You want the monthly premium on a payroll of $435,000 for workers' compensation insurance if the rate is $33.09 per $100 of payroll.
Premium
The premium is found by multiplying the payroll amount by the insurance rate:
[tex]\$435,000\times\dfrac{\$33.09}{\$100}=\boxed{\$143,941.50}[/tex]
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Additional comment
This is an exceptionally high rate. Most US states have a rate less than $2 per $100.
