Question

Your health insurance premium is $4211 annually. If your employer pays 80% and you are paid monthly, how much is deducted from each monthly check? (Points : 1) $16.20 $70.18 $842.20 $900.00

Answer 1

So the annual pay that is deducted each month is $70.18

Explanation:

Answer 2

So if your annual monthly premium is $4211, to know how much you need to pay monthly so that would be: $4211/12 = $350.92/month. Since your employer will be paying 80% of the amount, you will be paying the 20% of the amount monthly, so that would be .2(350.92) = $70.18/month