Question

Kathy, 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?

Answer 1

Weekly cost= $26.83

Explanation:

Giving the following information:

Her group medical insurance costs $4,650.00 a year, and the company pays 70% of the costs.

First, we need to calculate how much she pays a year:

Cost per year= 4,650*0.3

Cost per year= $1,395

Now, the weekly cost:

Weekly cost= 1,395/52

Weekly cost= $26.83