POSSIBLE POINTS: 0.89
At a certain company, there are two factors that determine the cost of health care. If an employee makes
less than $65,000 per year, the cost is $52 per month for individual coverage and $98 per month for family
coverage. If an employee makes at least $65,000 per year, individual coverage is $67 per month and family
coverage is $122 per month.
a.) Graham makes $62,800 per year. He has individual health care. His year contribution is 10% of the total
cost. How much does his employer contribute?
$
b.) Claudia's annual salary is $75,400. She has family health care. Her employer contributes $1,052 per
month towards her total coverage cost. What percent does Claudia contribute toward the total coverage?
Round to the nearest tenth of a percent.
%

Note that Graham has an individual health coverage, in essence, his total cost per month is $52 since he earns less than $65,000, out of which he would only be responsible for 10% of total annual cost of health care coverage.

Monthly payment=$52

Annual cost=$52*12

annual cost=$624

Since he pays just 10%, it means that the employer would bear the remaining cost, which is 90%

Employer's contribution=90%*$624

Employer's contribution=$561.60

What type of coverage does Claudia has?

Claudia has family health care coverage and she earns more than $65,000 on annual basis, which means her cost per month is $122

annual cost=$122*12

annual cost=$1,464.00

Claudia's share=(total cost-employer share)/total cost

Claudia's share=($1,464.00-$1,052.00)/$1,464.00

Claudia's share=28.14%

Find out more about health insurance coverage on:https://brainly.com/question/12574380

#SPJ1