Answer:
The employee contributes a $6700 yearly income.
Step-by-step explanation:
1. Calculate the employee's portion of the insurance cost:
Worker Share = 40% of Annual Cost
Portion for Employees = 0.4 * $6700
2. The sum of the annual costs is determined by combining the employer and employee contributions:
Employer Contribution + Employee Contribution = Total Annual Cost
Employee's Portion + (60%) of Annual Cost = Total Annual Cost
Cost per Year = 0.4 * 6700 + 0.6 * 6700
Let's compute it now:
Cost per Year = 0.4 * 6700 + 0.6 * 6700
$2680 plus $4020 is the total annual cost.
$6700 is the total annual cost.
The employee contributes a $6700 yearly income.