Question

Your annual health insurance premium is $3000. Your business pays 65%. If you are paid weekly, what is your paycheck deduction

Answer 1

Answer:
If your business pays 65% then you pay 35% = 35/100

Step-by-step explanation:
35/100 x 3000 = $1050 per year

In a 52-week year the deduction will be: $1050/52 = $20.19

Sometimes a year has 53 (official) weeks:
$1050/53 = $19.81

Answer 2

The weekly deductions will be $20.19

Step-by-step explanation:

The amount of the annual health insurance premium is = $3000

Out of this, 65% is paid by business, which is:

`(65)/(100)*3000= 1950`

So, $1950 is paid by business.

Remaining amount of
`3000-1950=1050` is to be paid by you.

Since there are 52 weeks in a year, the weekly deduction will be =

`(1050)/(52)= 20.19`

Hence, the weekly deductions will be $20.19