What is the total workers' compensation premium for Dragonfly Landscapers if the landscaper's rate is $50 and the bookkeeper's rate is $5 for every $100 of payroll?

To determine the total workers' compensation premium for Dragonfly Landscapers, you need to calculate the premiums for both the landscapers and the bookkeepers.

Assuming we have the payroll amounts for both positions, the premium for the landscapers is calculated using the rate of $50 for every $100 of payroll for the landscaping staff. If we let’s assume the landscaping payroll is $1,000, the calculation for this would be:

• $1,000 payroll for landscapers / $100 = 10
• 10 x $50 = $500 premium for the landscapers.

Next, the bookkeeper's payroll would be calculated using the rate of $5 per every $100 of payroll. If the payroll for the bookkeeper is, for instance, $1,000 as well:

• $1,000 payroll for the bookkeeper / $100 = 10
• 10 x $5 = $50 premium for the bookkeeper.

Finally, you would add the premiums together. If the payrolls of the landscaper and bookkeeper were indeed $1,000 each, then the total would be $500 (landscaper) + $50 (bookkeeper) = $550.

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