6. kathy parker, who plans conferences and parties for a resort, earns $342.22 weekly. her group medical…

6. kathy parker, who plans conferences and parties for a resort, earns $342.22 weekly. her group medical insurance costs $4,650.00 a year, and the company pays 70% of the costs. how much does she have deducted weekly from her paycheck for medical insurance?

6. kathy parker, who plans conferences and parties for a resort, earns $342.22 weekly. her group medical insurance costs $4,650.00 a year, and the company pays 70% of the costs. how much does she have deducted weekly from her paycheck for medical insurance?

Answer

Explanation:

Step1: Find Kathy's annual share of insurance cost

The company pays 70% of the cost, so Kathy pays 100% - 70% = 30% of the $4650 annual cost. $4650\times0.3$

Step2: Calculate the weekly deduction

There are 52 weeks in a year. Divide Kathy's annual share by 52 to get the weekly deduction. $\frac{4650\times0.3}{52}$

$4650\times0.3 = 1395$ $\frac{1395}{52}\approx26.83$

Answer:

$26.83$