health insurance coverage for an employee and their family is $13,390 per year. the employer pays 60% of…

health insurance coverage for an employee and their family is $13,390 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 $13,390 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 share

The employer pays 60%, so the employee pays 100% - 60% = 40%. The employee's annual cost is $13390\times0.4$. $13390\times0.4 = 5356$

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. So the bi - weekly cost is $\frac{5356}{26}$. $\frac{5356}{26}=206$

Answer:

206