Billy’s employer pays for 65% of his annual health insurance premium. billy has the rest deducted in equal amounts from his paycheck. if billy has $105.73 withheld from his paychecks twice each month, how much does his employer contribute towards his health insurance on an annual basis? a. $683.18 b. $1,366.36 c. $2,356.27 d. $4,712.54

Respuesta :

Billy's total annual health insurance premium is $4,712.54. Then the correct option is D.

What is the percentage?

The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.

Billy’s employer pays for 65% of his annual health insurance premium.

Billy has the rest deducted in equal amounts from his paycheck.

If billy has $105.73 withheld from his paychecks twice each month.

His employer contributes towards his health insurance on an annual basis.

To get the amount of his employer to contribute towards his health insurance on an annual basis will be

105.73 × 24 = 2537.52

The next step is to calculate Billy's total annual health insurance premium will be

[tex]\rm Health \ insurance \ premium = \dfrac{2537.52 * 0.65}{0.35}\\\\Health \ insurance \ premium = 4712.54[/tex]

More about the percentage link is given below.

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