Question

Robert contributes 16% of the total cost of his individual health care. this is a $82.36 deduction from each of his semimonthly paychecks. how much does he contribute to his individual health care in a year?

Answer 1

Robert contributes $82.36 from each of his semimonthly paychecks towards his health care. To find his annual contribution, we multiply this amount by 24 (the number of semimonthly periods in a year), resulting in $1976.64 as his total annual contribution to health care.

Step-by-step explanation:

Robert contributes $82.36 to his individual health care twice a month, as part of his semimonthly paychecks. To calculate his annual contribution, we will multiply this amount by the number of semimonthly periods in a year.

Since there are 12 months in a year and 2 semimonthly periods per month, we have:

12 months x 2 semimonthly periods/month = 24 semimonthly periods/year

Now, we will calculate the total annual contribution by multiplying the number of semimonthly periods by the semimonthly deduction:

24 semimonthly periods/year x $82.36/contribution = $1976.64 annually

Therefore, Robert contributes $1976.64 to his individual health care annually.