Question

Reka Rahim is employed at Damon's Deli. She has family medical coverage through the company's group medical plan. The annual cost of Reka's family coverage is $12,800. The company pays 80% of the cost. How much is deducted from her biweekly paycheck for medical insurance?

Answer 1

Answer:

$98.46 per biweekly payment

Explanation:

the total cost of Reka's health insurance = $12,800

her employer pays = $12,800 x 805 = $10,240

Reka must pay = $12,800 - $10,240 = $2,560

there are 52 weeks in a year, so Reka receives 52 / 2 = 26 biweekly payments

amount deducted per biweekly payment = $2,560 / 26 = $98.46