Question

lara otero is employed by parks inc. she is on a single plan with a PPO annual premium of 6,009. lara employer pays 75% of the total cost. her contribution is deducted from her paycheck. what is laras semimonthly deduction

Answer 1

$62.59 is the correct answer. I took this and got it right.

Explanation:

Answer 2

Lara's semimonthly deduction = $62.59

Explanation:

Percentage of premium Lara's employer pays = 75%

Percentage of premium Lara needs to pay = 25%.

Total premium = $6009

So, the total she pays in 1 year (annual) of her premium is = 25% of 6009

= 0.25 × 6009

= $1502.25

`\text{So, amount of premium Lara pays each month = }(1502.25)/(12)\approx \$125.19\\\\\text{To find semimonthly deduction divide the monthly deduction by 2}\\\\\bf\implies \textbf{Lara's semi-monthly deduction = }(125.19)/(2)\approx \$62.59`