Question

Scott’s employer pays 70% of his health insurance premium and deducts the remainder from his paycheck. Scott is paid biweekly, and the annual premium is $8748. How much is deducted from his paycheck for health insurance?

Answer 1

The amount deducted from his paycheck for health insurance bi weekly is; $100.94

What is the amount deducted?

Since 70% of his health insurance premium is paid by his employer and the remaining deducted, then;

Scott's amount deducted per week for health insurance =  8,748 x 30% = $2,624.40

There are 52 weeks in a year and as such, amount deducted weekly is;

2,624.40/52 weeks = $50.47

Amount deducted bi weekly = 50.47 × 2 = $100.94

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