Question

Isidro has $15.60 deducted weekly for family medical insurance. His employer pays 85% of the cost. What is the employers portion of the annual premium?

Answer 1

The employer's portion of the annual premium is 85% of the total cost and is = $689.52

Step-by-step explanation

Isidro has $15.60 deducted weekly for medical insurance.

The employer pays 85% of this fee.

We are then asked to calculate how much the employer pays in a year.

In a week, the employer pays 85% of $15.60

= 0.85 (15.60)

= $13.26

There are 52 weeks in a year, so, if the employer pays $13.26 weekly, in a year, the employer will pay

52 (13.26)

= $689.52

Hope this Helps!!!