Question

hillary pays $9.25 of her monthly life insurance premium, and her employer covers the rest. if her monthly premium is $36.50, what is the annual value to hillary of this benefit?

Answer 1

Answer: Annual value to Hillary of this benefit is $327.

Explanation:

Since we have given that

Amount of insurance premium paid by Hillary = $9.25

Total monthly premium = $36.50

Rest of the premium paid by her employer.

So, we need to find the annual value to Hillary of this benefit.

Amount of insurance premium paid by his employee is given by

`\$36.50-\$9.25\\\\=\$27.25`

Annual value would be

`\$27.25* 12\\\\=\$327`

Hence, Annual value to Hillary of this benefit is $327.