Question

your health insurance premium is 4211 annually if your employer pays 80% and you are paid monlthy how much is deducted from each monthly check?

Answer 1

71.83 is taken away from your monthly check. $4,211 - 80% = $842.20.

$842.20 divided by 12 (the number of months in a year) equals 71.83 with a repeating 3.

Answer 2

Answer:

The monthly deduction would be $70.18

Step-by-step explanation:

First we must find the amount that your employer contributes to the cost. We can do this bu multiplying your premium by the percentage they pay.

4211 * 80% = 3368.80

Now we subtract their contribution from the total to find how much is being taken out of your paycheck.

4211 - 3368.80 = 842.20

Now to find the amount taken out monthly, we divide that amount by 12.

842.20/12 = $70.18