Question

Kira's employer purchased a health insurance plan that costs $665 per month and requires that Kira pay $75 toward the plan. What is the annual value of the employer's contribution?

Answer 1

To find the annual value of the employer's contribution, subtract Kira's contribution from the total cost of the insurance plan and multiply the result by 12.

Step-by-step explanation:

To find the annual value of the employer's contribution, first calculate the monthly cost of the insurance plan that the employer pays by subtracting Kira's contribution from the total cost of the plan. In this case, the monthly cost is $665 - $75 = $590. Then, multiply the monthly cost by 12 to find the annual cost: $590 x 12 = $7,080. Therefore, the annual value of the employer's contribution is $7,080.

Answer 2

the answer is $8055. you take 665 and multiply it by 12 (# of months in a year) and then add 75 because its a one time fee.