Tia Martinez has $200.25 deducted from her semi-monthly pay for group health insurance. Rocky Mountain Ski Parts, her employer, pays 60% of the cost. What is Tia's annual premium for health insurance? (Hint: Annual means for the year.)
Step-by-step explanation:
<em>If the Tia Martinez employer pays 60% of her semi-annual health insurance payment</em>, <em><u>what she pays is 40% of $ 200.25, which would be equal to</u></em>: $ 200.25 x 0.4 = $ 80.1 <em>which would be the semi-annual payment , as we are asked for the annual one, </em><u><em>it should be multiplied by 2</em></u><em>which are the semesters that the year has, and it would be</em>: $ 80.1 x 2 = <u>$ 160.2</u> <u><em>would be the annual premium to be paid by Tia</em></u><em>. </em><u><em>Semi-monthly would be</em></u><em>: </em><u>$ 13.35 = $ 160.2 / 12 months.</u>
