Question

Billys empolyer for 65% of his annual health insurance permiu. Billy has the rest deducted equal amounts from his paycheck. If Billy has $105.73 withheld from his paychecks twice each month, how much dose his employrt contribute twards his health insuranceon an annual basis.

Answer 1

His employer contributes with $4712.53 towards his health insurance on an annual basis.

Explanation:

With the information provided, you know that Billy's employer pays 65% of his health insurance premium and you can subtract this from 100% to know the percentage that Billy has to pay:

100%-65%=35%

Also, the information states that Billy has $105.73 withheld from his paychecks twice each month and you can multiply this for 24 to find the total amount that he pays per year and that represents 35%:

$105.73*24=$2537.52

Finally, you can use a rule of three to found the amount that represents 65% which would be what his employer pays given that $2537.52 represent 35%:

2537.52 → 35%

x ← 65%

x=(2537.52*65)/35

x=$4712.53

According to this, the answer is that his employer contributes with $4712.53 towards his health insurance on an annual basis.