A company's workers' compensation insurance rate is $12.50 per $100 paid in wages and salaries. If the company's annual payroll is $234,000, what will the worker's compensation bill be?

To determine the worker's compensation bill based on the given rate and annual payroll, you will need to calculate the total amount owed for workers' compensation insurance.

The formula to calculate the worker's compensation cost is as follows:

1. Find the total amount of wages paid per each $100. Since the rate is $12.50 per $100 of wages, we first express the payroll in terms of hundreds by dividing the total payroll by 100.

$234,000 ÷ 100 = 2,340 hundreds.

2. Then, multiply the result by the rate for workers' compensation insurance:

2,340 hundreds × $12.50 = $29,250.

Therefore, the worker's compensation bill will be $29,250. This calculation incorporates the total payroll and the applicable rate, ensuring that the costs are accurately reflected based on the company’s wage expenses.