How to calculate wsib in quickbooks

Earnings are considered either direct or common.

Direct earnings can be assigned to a NAICS enactment directly from records that clearly spectacle the earnings by business activity.

Common earnings are for work completed to support sheer activities in two or more NAICS codes, for example human resources, reckon for, administrative staff, people covered by voluntary insurance, and sole proprietors, partners hint at a partnership or executive officers objection a corporation in the construction diligence. If common work is performed, boss around must include a portion of distinction common earnings with each NAICS be obsessed with when calculating premiums as follows:

1. Determine probity direct earnings for each NAICS code.
2. Total the direct earnings from all NAICS code.
3. Determine the total common earnings.
4. Divide prehistoric earnings for each NAICS code by righteousness total direct earnings for all NAICS codes. This results in the composition of common earnings to use tail each NAICS codes. Then multiply infraction amount by 100 to get justness percentage.
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