Reply #39: What portion of the premium [View All]

[quaker bill]

is the employer required to pay? Sounds like the employer is only covering $3500 a year with these figures. Where I live, this would not even be half of the premium. Put another way, its $1.75 an hour. This would be alot of money to a business paying minimum wages.

In a business with 50 employees, if everyone working there is making minimum wage, payroll with employer share taxes and workman's comp would likely exceed $1,000,000 a year. Given that in almost any realistic scenario a business with 50 staff will have managers and supervisors making a good bit more than minimum wage, and the owner will be paying himself significantly more than that, running a tight ship in a low wage service sector business likely gets you to a payroll, all expenses, of closer to $2,000,000, professional sector businesses obviously far more than that.

Deal with all the other expenses of any likely business, office space, retail locations, utilities, cost of materials... a gross in the range of 5 to 10 million is probably involved here. This just puts 100 to 180K in some perspective.