Final answer:
Peggy pays $20.00 each week for medical premiums and $7.21 each week for prescription drug premiums. She pays 40% of her medical premiums and 60% of her prescription drug premiums.
Step-by-step explanation:
1. How much does Peggy pay each week for medical premiums?
To calculate the amount Peggy pays each week for medical premiums, we first need to find out how much the employer pays. The employer covers 60 percent of the medical premiums, so Peggy pays 40 percent.
Her annual medical premiums cost $2,600.00, so Peggy pays 40% of $2,600.00.
40% of $2,600.00 is $1,040.00.
To find out how much Peggy pays each week, we divide $1,040.00 by 52 (the number of weeks in a year). Peggy pays $20.00 each week for medical premiums.
2. How much does Peggy pay each week for prescription drug premiums?
Peggy's annual prescription drug premiums cost $625.00. Her employer covers 40 percent of the prescription drug premiums, so Peggy pays 60 percent.
60% of $625.00 is $375.00.
To find out how much Peggy pays each week, we divide $375.00 by 52. Peggy pays $7.21 each week for prescription drug premiums.
3. What percentage of her medical premiums does Peggy pay?
As calculated in the first question, Peggy pays $1,040.00 per year for medical premiums. The total annual medical premiums are $2,600.00. To find the percentage Peggy pays, we divide $1,040.00 by $2,600.00 and multiply by 100.
Peggy pays 40% of her medical premiums.
4. What percentage of her prescription drug premiums does Peggy pay?
As calculated in the second question, Peggy pays $375.00 per year for prescription drug premiums. The total annual prescription drug premiums are $625.00. To find the percentage Peggy pays, we divide $375.00 by $625.00 and multiply by 100.