Question

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?

Answer 1

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

Answer 2

Amount deducted from paycheck is $12.16

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
`= (632.50)/(52) = $12.16`