health insurance coverage for an employee is $2,730 per year. their employer pays 80% of that cost. how much…

health insurance coverage for an employee is $2,730 per year. their employer pays 80% of that cost. how much is taken from the employees biweekly paycheck? biweekly insurance cost = $?

health insurance coverage for an employee is $2,730 per year. their employer pays 80% of that cost. how much is taken from the employees biweekly paycheck? biweekly insurance cost = $?

Answer

Explanation:

Step1: Find employee's annual cost

The employer pays 80%, so the employee pays 1 - 80%=20% of the annual cost. $2730\times0.2 = 546$

Step2: Calculate number of bi - weekly periods

There are 52 weeks in a year, so the number of bi - weekly periods is $\frac{52}{2}=26$.

Step3: Find bi - weekly cost

Divide the employee's annual cost by the number of bi - weekly periods. $\frac{546}{26}=21$

Answer:

$21$