Question

The annual health insurance premium for Ms.Everett is $12,304. Her employer pays 70% of the premium and deducts the remainder from her paycheck. Ms.Everett is paid monthly. what amount is deducted for Ms.Everett‘s paycheck for her health insurance premium?

Answer 1

307.60

Explanation:

Got it right on the test.

Answer 2

The amount deducted for Ms.Everett‘s paycheck for her health insurance premium is $307.6

Explanation:

given information:

annual insurance = $12304

employer pay annually = 70%

first we calculate the annual insurance paid by the employer

employer paid annual insurance = 70% x $12304

= $8612.8

then, we calculate the insurance paid by Ms. Everett annually

Ms. Everett paid annual insurance = $12304 - $8612.8

= $3691.2

thus, amount is deducted for Ms.Everett‘s paycheck for her health insurance premium

Ms. Everett's paycheck deduct = $3691.2/12

= $307.6