Question

Kathy Parker's employer pays 65% of the total cost of her $5,489 health insurance premium. What is her biweekly deduction for the insurance?

Answer 1

$73.89

Explanation:

We have been given that Kathy Parker's employer pays 65% of the total cost of her $5,489 health insurance premium.

This means Kathy pays 35% of her health insurance premium.

Let us find 35% of $5489.

`\text{Amount of health insurance premium paid by Cathy per year}=(35)/(100)*\$5489`

`\text{Amount of health insurance premium paid by Cathy per year}=0.35*\$5489`

`\text{Amount of health insurance premium paid by Cathy per year}=\$1921.15`

As we are asked to find Cathy's biweekly deduction for the insurance we will divide amount of premium paid by Cathy by 26 as biweekly is paid 26 times per year.

`\text{Cathy's biweekly deduction}=(\$1921.15)/(26)`

`\text{Cathy's biweekly deduction}=\$73.89`

Therefore, Cathy's biweekly deduction for the insurance is $73.89.