Question

Health insurance coverage for an

employee and their family is $12,350 per
year. The employer pays 60% of that
cost. How much is taken from the
employee's biweekly paycheck?
Biweekly Insurance Cost = $[?]

Answer 1

Answer: $190 is taken out of the employee's check

Explanation:

We see that the employee gets paid every two weeks, which means from the 52 weeks in a year, there are 26 paychecks in a year.

If health coverage is $12,350 for one year, we should divide this number by 26 weeks to get the amount to deduct from the paycheck.

$12,350/26 = $475

The employer pays 60% of this amount, so 40% of $475 is the amount deducted from the employee's paycheck.

40 % * $475 = $190 is taken off the paycheck

From MysticAlanCheng