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Workers´ Compensation Audit Page 2
Proper Representation Of Classifications
It is important that you represent the exposures that correctly fit your business. From a technical standpoint, if an employee works 10% of the time in outside sales and 90% in the office, the auditor can charge 100% of the payroll for that employee to the outside sales classification, the higher rated class. It is important that you put each employee in the proper class. The auditor will typically quiz you about the job duties of certain individuals. If you have a question on proper classifications, call your agent.
Maximum And Minimum Payrolls
Effective 1/1/96 the maximum payroll for executive officers increased from $93,600 to $104,000. The minimum payroll increased from $11,856 to $13,052. The minimum payroll for sole proprietors or partners increased from $36,100 to $37,600. Be sure to apply the maximums and minimums if applicable. These maximums and minimums may vary slightly depending on the carrier and depending on the state.
Overtime
Make sure you adjust payrolls, deducting the "bonus" pay from any overtime.
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