For ACTIVE CORPORATE OFFICERS, include actual wages paid or:
- INCLUDE a minimum payroll amount of $39,000.00 per year for Executive Officers (i.e. President, Vice President, etc.) who receive no salary or less than the minimum.
- EXCLUDE Executive Officers' payroll which EXCEEDS $150,800 per year ($2,900.00 per week). Applies only to Executive Officers.
- PARTNERS and SOLE PROPRIETORS who ELECT coverage must report a flat $38,300.00 per year.
- Overtime: Figure workers' compensation premium due on all overtime hours worked BUT at the STRAIGHT TIME rate. For any questions that may arise, refer to either your Fund Facts or your Manual.
If there is ever any question if an item is to be included or excluded, please contact the Fund Office.