Question

Health insurance coverage for an employee and their family is $12,350 per year. the employer pays 60% of that * cost. how much is taken from the employee's biweekly paycheck? biweekly insurance cost = $[?]

Answer 1

The biweekly insurance cost taken from the employee's paycheck is $190.

Step-by-step explanation:

To find the biweekly insurance cost taken from the employee's paycheck, we need to calculate 40% of the annual insurance cost that is not covered by the employer. First, we find the annual insurance cost not covered by the employer, which is 100% - 60% = 40%. Then, we calculate 40% of the annual insurance cost by multiplying it by 0.4. Lastly, we divide the result by 26 to find the biweekly insurance cost. Let's calculate:

Annual insurance cost not covered by employer = $12,350 x 0.4 = $4,940

Biweekly insurance cost = $4,940 / 26 = $190