Types of Payroll Reports
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Types of Payroll Reports
Workers’ Compensation insurance premium is based in part on a company’s payroll. The payroll is multiplied by an assigned rate to calculate the insurance premium. In Workers’ Compensation, payroll includes wages; bonuses; overtime pay; holiday, vacation, and sick leave pay; Social Security and Medicare tax contributions by the employer; commissions, profit-sharing, or incentive plans; prevailing wages; and annuity plans.