health insurance coverage for an employee and their family is $12,610 per year. the employer pays 60% of…

health insurance coverage for an employee and their family is $12,610 per year. the employer pays 60% of that cost. how much is taken from the employees biweekly paycheck? biweekly insurance cost = $?

health insurance coverage for an employee and their family is $12,610 per year. the employer pays 60% of that cost. how much is taken from the employees biweekly paycheck? biweekly insurance cost = $?

Answer

Explanation:

Step1: Calculate employee's annual cost

The employer pays 60%, so the employee pays 100% - 60% = 40% of the $12,610 annual cost. $12610\times0.4$

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: Calculate bi - weekly cost

Divide the employee's annual cost by the number of bi - weekly periods. $\frac{12610\times0.4}{26}$

$12610\times0.4 = 5044$ $\frac{5044}{26}=194$

Answer:

$194$