Question

From each of Janet's weekly paychecks, $13.50 is deducted for health insurance. If her employer is paying 80% of the cost of this insurance, what is the total annual premium for Janet's health insurance?

Answer 1

Given:

Weekly deduction = $13.50

Employer is paying 80% of the cost of this insurance

To find:

Total annual premium of Janet's insurance

Solution:

If 80% of the 13.50 is remitted weekly  then the weekly deduction will be,

$\Rightarrow\frac{80}{100}\times13.50 = \ 10.80$

Then the amount remitted in a year will be as follows,

$\Rightarrow\ 10.80\times52 = \ 561.6$

(One year = 52 weeks)

Therefore, a total amount of $561.6 will be the the total annual premium for Janet's health insurance.