Question

Tamsen pays $12.50 of her monthly life insurance premium, and her

employer covers the rest. If her monthly premium is $42.25, what is the
annual value to Tamsen of this benefit?
A. $150
B. $357
C. $507
D. $328.50

Answer 1

Benefit she gets monthly is = 42.25-12.5= 29.75

annual value to Tamsen of this benefit= 12×29.75 = 357$