Final answer:
John's $566.00 insurance payment is 40% of the total premium. To find his employer's contribution percentage, calculate the total premium and subtract John's payment. The employer pays 60% of the annual total premium.
Step-by-step explanation:
John Maynord pays a $566.00 annual insurance premium, which represents 40% of the total insurance premium. His employer pays the rest. To find the company's percentage contribution, we must first determine the total premium. As John's contribution is 40%, we calculate the total premium by dividing his payment by 0.40. This gives us a total premium of $566.00 / 0.40 = $1,415.00. The employer's contribution is therefore $1,415.00 - $566.00 = $849.00.
To find out what percentage this represents, we divide the employer's contribution by the total premium and multiply by 100. So, the company's percentage is calculated as ($849.00 / $1,415.00) * 100 = 60%. Hence, the employer contributes 60% to the annual total insurance premium.