Question

Company-paid health insurance is a major benefit sought out by many employees. If coverage for a family costs $20,000 per year and your employee is paid $28,000 per year, what percentage of their total compensation is the healthcare benefit?

Answer 1

~42

Step-by-step explanation:

Ex. Company-paid health insurance is a major benefit sought out by many employees. If coverage for a family costs $15,000 per year and your employee is paid $40,000 per year, what percentage of their total compensation is the healthcare benefit?

SOLUTION:

$15,000 / ($15,000 + $40,000) = 0.272 x 100 = 27.2%

Problem: 20/20+28=0.416=41.6%