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Sagot :
Let's break down the problem step by step to determine how much is taken from the employee's biweekly paycheck for health insurance coverage.
1. Total yearly insurance cost:
The total yearly cost for health insurance is [tex]$12,870. 2. Employer's contribution: The employer covers 60% of the total yearly insurance cost. To find out how much the employer pays: \[ \text{Employer's contribution} = 0.60 \times 12870 = 7722 \] So, the employer pays $[/tex]7,722 per year.
3. Employee's yearly contribution:
The employee is responsible for the remaining percentage of the yearly cost. To find out how much the employee pays per year:
[tex]\[ \text{Employee's yearly contribution} = \text{Total yearly cost} - \text{Employer's contribution} \][/tex]
[tex]\[ \text{Employee's yearly contribution} = 12870 - 7722 = 5148 \][/tex]
So, the employee pays [tex]$5,148 per year. 4. Employee's biweekly contribution: There are 26 biweekly periods in a year. To find out how much is taken from the employee's biweekly paycheck: \[ \text{Employee's biweekly contribution} = \frac{\text{Employee's yearly contribution}}{26} \] \[ \text{Employee's biweekly contribution} = \frac{5148}{26} = 198 \] So, the amount taken from the employee's biweekly paycheck is $[/tex]198.
Therefore, the biweekly insurance cost for the employee, [tex]\(S\)[/tex], is $198.00.
1. Total yearly insurance cost:
The total yearly cost for health insurance is [tex]$12,870. 2. Employer's contribution: The employer covers 60% of the total yearly insurance cost. To find out how much the employer pays: \[ \text{Employer's contribution} = 0.60 \times 12870 = 7722 \] So, the employer pays $[/tex]7,722 per year.
3. Employee's yearly contribution:
The employee is responsible for the remaining percentage of the yearly cost. To find out how much the employee pays per year:
[tex]\[ \text{Employee's yearly contribution} = \text{Total yearly cost} - \text{Employer's contribution} \][/tex]
[tex]\[ \text{Employee's yearly contribution} = 12870 - 7722 = 5148 \][/tex]
So, the employee pays [tex]$5,148 per year. 4. Employee's biweekly contribution: There are 26 biweekly periods in a year. To find out how much is taken from the employee's biweekly paycheck: \[ \text{Employee's biweekly contribution} = \frac{\text{Employee's yearly contribution}}{26} \] \[ \text{Employee's biweekly contribution} = \frac{5148}{26} = 198 \] So, the amount taken from the employee's biweekly paycheck is $[/tex]198.
Therefore, the biweekly insurance cost for the employee, [tex]\(S\)[/tex], is $198.00.
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