Note: Workers compensation reports include some, but not necessarily
all, of these columns.
The sum of all wages that are subject to workers compensation insurance.
Note: If you compare the Gross Wages in the Workers compensation
summary report to the Gross Wages in the Payroll summary report, they might not
be the same amount. The Gross Wages in the Workers compensation summary report
does not include earnings listed in a paycheck's Other payroll items table,
such as tips, which are usually not subject to workers compensation
The total of overtime premiums.
QuickBooks displays this amount for those users who
premiums from their workers compensation calculations. If you do not exclude
overtime premiums, you can ignore this column.
If you set up workers compensation to exclude
premiums from your calculations, WC Wages equals Gross Wages minus OT Premium.
If you set up workers compensation to include overtime premiums in your
calculations, WC Wages equals Gross Wages.
The amount of hours your employees worked for the particular workers
The workers compensation insurance rate for the workers compensation
Note: If a report spans a date range during which a code's rate
changed, the report displays two rows for the code, one for each rate.
WC Wages multiplied by the WC Rate.
If you do not use an experience modification rate in your calculations, this
is how much you accrued.
The rate for your
If you did not specify an experience modification rate, QuickBooks sets the
experience modification rate to 100% in this report.
WC Premium multiplied by Exp. Mod.
If you use an experience modification rate in your calculations, this is the
amount you have accrued.