Enter the total amount paid in worker’s comp premiums ($) and the total payroll ($) into the worker’s compensation rate Calculator. The calculator will evaluate the worker’s compensation rate.

## Worker’s Compensation Rate Formula

The following two example problems outline the steps and information needed to calculate the workers compensation rate.

WCR = WC / PR *100

• Where WCR is the worker’s compensation rate ($/100 dollars of payroll) • WC is the total amount paid in worker’s comp premiums ($)
• PR is the total payroll ($) ## How to Calculate worker’s compensation rate? The following example problems outline how to calculate workers compensation rate. Example Problem #1: 1. First, determine the total amount paid in workers comp premiums ($).
• The total amount paid in workers comp premiums ($) is given as: 1,750. 2. Next, determine the total payroll ($).
• The total payroll ($) is provided as: 100,000. 3. Finally, calculate the workers compensation rate using the equation above: WCR = WC / PR *100 The values provided above are inserted into the equation below and computed. WCR = 1,750 / 100,000 *100 =$1.75 ($/100 dollars of payroll) Example Problem #2: For this problem, the variables required are provided below: total amount paid in workers comp premiums ($) = 3,000

total payroll (\$) = 50,000