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Bob's employer covers 23% of his family's annual health insurance premium. The balance of the premium is deducted in equal amounts from Bob's paycheck 26 times over the calendar year. If $185.30 is withheld from each of Bob's paychecks, what is his family's annual health insurance premium? a. $805.65 b. $4,817.80 c. $6,256.88 d. $20,946.96

Respuesta :

Answer:

Explanation:

Since 23% of his family’s

annual health insurance premium is covered by bob’s employer, so only 77% of

the insurance bob’s needs to pay. So the total that bobs paid is equal to

$ 185.30 x 26 = $ 4,817.8. so

the total insurance is $ 4,817.8/0.77 =$ 6256.88

abiolataiwo2015

His family's annual health insurance premium is: c. $6,256.88.

Health insurance premium:

First step is to calculate the paychecks

Paychecks=$185.30 x 26

Paychecks=$4,817.80

Second step is to calculate insurance premium

Health insurance premium=$4,817.80/(100%-23%)

Health insurance premium=$4,817.80/77%

Health insurance premium=$6,256.88

Inconclusion his family's annual health insurance premium is: c. $6,256.88.

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