To calculate premium, the following payroll is reported:
- Gross payroll of employees less overtime extra pay;
- Sole Proprietor's working spouse;
- Corporate Officer with less than 10% ownership;
- Commission payments;
- All bonuses, whether anticipated or not;
- Pay for holidays, vacations or illness;
- Subcontractors (contract labor) who
have not
provided you with a Certificate of Insurance;
- Salary deductions to the employees gross pay for retirement or cafeteria plans; and
- Owners (i.e. Sole Proprietor, Partners, Corporate Officers) who elect to be covered for workers' compensation. The payroll you report is limited as follows:
|
ARKANSAS (eff 07/01/11)
|
Minimum Annual Payroll
|
Maximum Annual Payroll
|
|
Sole Proprietor and Partners
|
$35,200
|
$35,200
|
|
Corporate Officers
|
$36,400
|
$140,400
|
|
LOUISIANA (eff 05/01/11)
|
Minimum Annual Payroll
|
Maximum Annual Payroll
|
|
Sole Proprietor and Partners
|
$40,100
|
$40,100
|
|
Corporate Officers
|
$39,000
|
$119,600
|
|
MISSISSIPPI (eff 03/01/11)
|
Minimum Annual Payroll
|
Maximum Annual Payroll
|
|
Sole Proprietor and Partners
|
$33,600
|
$33,600
|
|
Corporate Officers
|
$33,800
|
$114,400
|
|
OKLAHOMA (eff 01/01/11)
|
Minimum Annual Payroll
|
Maximum Annual Payroll
|
|
Sole Proprietor and Partners
|
$37,200
|
$37,200
|
|
Corporate Officers
|
$36,400
|
$150,800
|
|
TEXAS (eff 06/01/11)
|
Minimum Annual Payroll
|
Maximum Annual Payroll
|
|
Sole Proprietor and Partners
|
$50,200
|
$50,200
|
|
Corporate Officers
|
$7,800
|
$62,400
|
The following is NOT reported:
- Tips received by employees;
- Subcontractors (contract labor) who
have
provided you with a Certificate of Insurance;
- Dismissal or severance pay
except
for time worked or accrued vacation;
- Payments for active military duty;
- Extra pay for overtime: books and records must be maintained to show overtime extra pay separately by employee. For example, an employee's regular hourly wage is $10.00 per hour and his overtime wage is $15.00, your records should show total hours worked x $10 as regular pay (payroll to report) and overtime hours x $5 as overtime extra pay (payroll not reported); and
- Owners (i.e. Sole Proprietor, Partners, Corporate Officers with 10% or more ownership) who elect
not
to be covered for workers' compensation.
|
