Imagine that an employer purchases a health insurance plan that costs $365 per month, but requires that the employee pay $35 per month toward the cost of the plan. If the employee's salary is

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The sum of the annual salary and the annual contribution toward health insurance from the employer is $36,420.

Given,

Imagine that an employer purchases a health insurance plan that costs $365 per month, but requires that the employee pay $35 per month toward the cost of the plan.

The employee's salary is $36,000 per year.

We need to find what is the sum of the annual salary and the annual contribution toward health insurance from the employer.

How do we divide equally a total value into a number of items?

We divide the total value by the number of items.

Example:

$120 = 5 items

1 items = 120 / 5 = $24

We have,

Health insurance plan costs = $365

Employee pay = $35 per month.

The employee's salary = $36,000 per year.

The sum of the annual salary and the annual contribution toward health insurance from the employer;

=  $36,000 + $35 x 12 months

= $36,000 + $420

= $36,420

Thus the sum of the annual salary and the annual contribution toward health insurance from the employer is $36,420.

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