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.
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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