Jacqueline, who plans conferences and parties for a resort, earns $342.22 weekly. Her group medical insurance costs $4,650.00 a year, and the company pays 70% of the costs. How much does she have deducted weekly from her paycheck for medical insurance?
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She earns $342.22 weekly
Medical insurance costs = $4,650.00 per year
The company pays 70% of the costs. She pays 30%.
4,650.00*0.3 = 1395
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52 weeks per year
1395 / 52 = 26.83
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She has deducted $ 26.83 weekly from her paycheck for medical insurance.
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Cypress, a dental lab technician, pays three times as much for dental insurance as she does for vision insurance and three times as much for health insurance as for vision and dental combined. Cypress’s employer pays 40% of the cost for all three. If the total annual premium for all three is $9,360, how much will Cypress pay biweekly for (a) vision; (b) dental; and (c) health insurance? *
Three times as much for dental insurance (d) as she does for vision insurance (v)
3V=D
Three times as much for health insurance (h) as for vision and dental combined
H = 3* (V+D)
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The total annual premium for all three is $9,360,
Cypress’s employer pays 40% of the cost for all three. Cypress pays 60%
9,360*0.6= 5,616
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Annual
H = 3* (V+D)
3V=D
H = 3* (V+3V)
H= 3*(4V)
H= 12V
5,616 =12 V
V= 5,616 /12
V= 468
Three times as much for dental insurance (d) as she does for vision insurance (v)
D= 3V
D= 1404
Three times as much for health insurance (h) as for vision and dental combined
H= 12V
H =5616
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Biweekly
52 weeks per year
V= 468*2/52 = 18
D= 1404*2/52 = 54
H =5616*2/52 = 216
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Cypress pay biweekly for
(a) vision insurance = $ 18
(b) dental insurance = $ 54
(c) health insurance = $ 216