Question

A company pays 75 percent of each employees medical care premium. If the employee portion is $50 per month and there are 100 employees total, how much does the company pay each month for employee medical benefits

Answer 1

500 dollars for each employee

Answer 2

The company pays $3,750 each month for employee medical benefits.

Explanation:

We are given the following information in the question:

A company pays 75 percent of each employees medical care premium.

Total number of employees in company = 100

Portion paid by the company to employees = $50

Money paid for employee medical benefits =

`\text{Portion paid by the company to employees}* \text{Number of employee}\\\\= 50* 100\\\\=\$5000`

Money paid by company each month for medical benefits =

`\text{Money paid for employee medical benefits}* \text{Percentage}\\\\=\displaystyle(75)/(100)* 5000\\\\=\$ 3750`

The company pays $3,750 each month for employee medical benefits.