Question

Valerie's employer covers 80% of the cost of a $4700per year health insurance plan , and Valerie's share of the cost of the plan is her only optional deduction . how much is deducted from Valerie's paycheck each month for health insurance?

Answer 1

78.33 APEX.....................................................

Answer 2

Answer:

Valerie gets deducted $78.33 every paycheck

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

Since Valerie's employer covers 80% then this means that Valerie covers (100-80 = 20%) 20% of the health insurance plan per year. Now we have to convert the percent into decimal format. This is done by moving the decimal 2 digits to the left like so,

20.0%   ⇒   0.20

Now that we have the percent in decimal format we can multiply it by the cost of the health insurance plan to calculate the amount that Valerie pays.

$4700*0.20 = 940$

Aparently, Valerie pays $940 per month but we need to find out how much is deducted from her monthly paycheck. We calculate this by dividing by the amount of months in a year.

$940/12 = 78.33$

Finally, we see that Valerie gets deducted $78.33 every paycheck

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