Question

the cost of 500000 worth of 30 year term life insurance for Edna is $121.04 per month if Edna's employer covers 80% of this cost how much is deducted from Edna's gross income per year for life insurance?

Answer 1

$290.50

Explanation:

121.04 * 80% = 96.832

121.04 - 96.832 = 24.208

24.208 * 12 = 290.496 ~ 290.50

Answer 2

121.04×.80=96.83
96.83×12=1161.96
Ednas employer pays 1161.96
121.04-96.83=24.21
24.21×12=290.52
Edna pays $290.52 of her gross income