Question

Your employer pays 75% of your health insurance premium. If the annual premium is $2530, and you are paid weekly, how much is deducted from each paycheck?

Answer 1

Answer: $12:16

Step-by-step explanation:

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Answer 2

** Calculation is based on 52 weeks per year. 

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     $\boxed {Annual \ Premium \ = \ 2530}$

Your employer is paying 75% of the Premium: 
     $\boxed {75\% \ of \ \ 2530 \ = \ 0.75 \times 2530\ = \ \ 1897.50}$

Amount you need to pay:
   $\boxed { \ 2530 - \ 1897.50 = \ 632.50}$

Amount needed to be deducted weekly from paycheck:
   $\boxed{ \ 632.50 \div \ 52 = \ 12.16}$


$\Bigg( \boxed{ \boxed {Ans: \ 12.16 }} \Bigg)$