Your employer pays 75% of your health insurance premium. If the annual premium is $2530, and you are paid weekly, how much is deducted from each paycheck?

Question
Answer:
** Calculation is based on 52 weeks per year. 

[tex]\smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile \smile [/tex]

     [tex]\boxed {Annual \ Premium \ = \$2530}[/tex]

Your employer is paying 75% of the Premium: 
     [tex]\boxed {75\% \ of \ \$2530 \ = \ 0.75 \times 2530\ = \ \$1897.50}[/tex]

Amount you need to pay:
   [tex] \boxed { \$2530 - \$1897.50 = \$632.50}[/tex]

Amount needed to be deducted weekly from paycheck:
   [tex]\boxed{ \$632.50 \div \ 52 = \$12.16}[/tex]


[tex]\Bigg( \boxed{ \boxed {Ans: \$12.16 }} \Bigg)[/tex]
solved
general 10 months ago 2455