To determine how much Fred Johnson pays for his insurance premium, let's break down the problem step by step.
1. Total Insurance Premium:
Fred's total insurance premium is [tex]$\$[/tex]1,200[tex]$.
2. Employer's Share in Percentage:
Fred's employer covers $[/tex]60\%[tex]$ of the total premium.
3. Employer's Share in Dollar Amount:
To find out how much the employer contributes in dollars, we calculate $[/tex]60\%[tex]$ of $[/tex]\[tex]$1,200$[/tex].
[tex]\[
\text{Employer's Share} = \left(\frac{60}{100}\right) \times 1200 = 0.60 \times 1200 = 720
\][/tex]
Thus, Fred's employer pays [tex]$\$[/tex]720[tex]$.
4. Fred's Share in Dollar Amount:
To find out how much Fred pays, we subtract the employer's contribution from the total premium.
\[
\text{Fred's Share} = 1200 - 720 = 480
\]
Therefore, Fred pays $[/tex]\[tex]$480$[/tex] of the insurance premium.
So the correct answer is:
[tex]\[
\$480
\][/tex]
