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?

Respuesta :

622.5. Alternatively just use dang calc. and multiply the decimal equivalent of the percent (.75 in the case) to the premium.

Answer:

Amount deducted from paycheck is $12.16

Step-by-step explanation:

Given data:

Annual premium cost  =$2530

Total percent of premium pay 75%

75% of annual premium amount is = 0.75×2530 = $1897.5

Thus remaining amount is =  $( 2530 - 1897.5) = $632.50

We know that in a year there are 52.14 week ( 365/7)  take it 52 week

Amount deducted from paycheck is  [tex]= \frac{632.50}{52} = $12.16[/tex]