Question

Ruth contributes 15% of the total cost of her individual health care. This is a $ 60.00 deduction from each of her biweekly paychecks. What is the total value of her individual coverage for the year? a) How much does Ruth contribute every payday? b) How many pay periods are there in a year? C) Write an equation to show her total salary for the year . d)What is the total value of her individual coverage for the year? e) How many % is the company's contribution to her health care?Show your work f) How much is the company's contribution to her health care? Show all work.

Answer 1

Answer:

A.) $10,400

Contribution every payday = $60

Pay periods in a year = 26

Step-by-step explanation:

Assume her salary, that is total cost = y

Percentage deduction 15% of total cost

biweekly paychecks = $60

Therefore, 15% of y = $60

(15/100)y = 60

15y = 6000

y = 400

Total value of contribution:

$400 × number of biweeks in a year

If number of weeks in a year = 52

No of bi-weeks = 52/2 = 26

$400 × 26 = $10400