health insurance coverage for an employee and their children is $5,980 per year. the employer pays 70% of…

health insurance coverage for an employee and their children is $5,980 per year. the employer pays 70% of that cost. how much is taken from the employees biweekly paycheck? biweekly insurance cost = $?

health insurance coverage for an employee and their children is $5,980 per year. the employer pays 70% 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 70%, so the employee pays 100% - 70% = 30% of the $5,980 annual cost. $5980\times0.3$

Step2: Calculate number of bi - weekly periods

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

Step3: Find bi - weekly cost

Divide the employee's annual cost by the number of bi - weekly periods. Let $A$ be the employee's annual cost ($A = 5980\times0.3$) and $n = 26$. The bi - weekly cost $C=\frac{A}{n}=\frac{5980\times0.3}{26}$. $5980\times0.3 = 1794$ $\frac{1794}{26}=69$

Answer:

$69$