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]
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11 months ago
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