Question

4. Rachel and Dustin Lutts are self-employed photographers. They pay 100% of the PPO insurance premium

of $12,640 annually. They also have a dental plan that costs $866 annually and a vision plan that costs $444
annually. The premiums are paid quarterly. How much do they pay each quarter?

Answer 1

To find out how much Rachel and Dustin pay each quarter, we need to first add up the cost of their insurance plans and divide by 4.

The PPO insurance premium is $12,640 annually, so the quarterly cost is:

$12,640 / 4 = $3,160

The dental plan costs $866 annually, so the quarterly cost is:

$866 / 4 = $216.50

The vision plan costs $444 annually, so the quarterly cost is:

$444 / 4 = $111

Adding these costs together, we get:

$3,160 + $216.50 + $111 = $3,487.50

Answer 2

To calculate how much Rachel and Dustin Lutts pay each quarter, we need to add up the annual premiums for the PPO insurance, dental plan, and vision plan, and then divide the total by the number of quarters in a year.

PPO insurance premium: $12,640

Dental plan premium: $866

Vision plan premium: $444

Total annual premium = PPO premium + Dental premium + Vision premium

Total annual premium = $12,640 + $866 + $444

Total annual premium = $13,950

Number of quarters in a year = 4

Quarterly premium = Total annual premium / Number of quarters

Quarterly premium = $13,950 / 4

Quarterly premium ≈ $3,487.50

Therefore, Rachel and Dustin Lutts pay approximately $3,487.50 each quarter for their insurance premiums.