Answer:
His employer contributes with $4712.53 towards his health insurance on an annual basis.
Step-by-step explanation:
With the information provided, you know that Billy's employer pays 65% of his health insurance premium and you can subtract this from 100% to know the percentage that Billy has to pay:
100%-65%=35%
Also, the information states that Billy has $105.73 withheld from his paychecks twice each month and you can multiply this for 24 to find the total amount that he pays per year and that represents 35%:
$105.73*24=$2537.52
Finally, you can use a rule of three to found the amount that represents 65% which would be what his employer pays given that $2537.52 represent 35%:
2537.52 → 35%
x ← 65%
x=(2537.52*65)/35
x=$4712.53
According to this, the answer is that his employer contributes with $4712.53 towards his health insurance on an annual basis.
