Asako's employer covers 90% of the cost of a $3500-per-year health insurance plan and 60% of the cost of a $1300-per-year disability insurance plan. If Asako gets paid monthly, what is the total amount deducted from her gross income health and disability insurance during each pay period?
Mathematics · High School · Tue Nov 03 2020
Answered on
Given the statement:
Asako's employer covers 90% of the cost of a $3500-per-year health insurance plan and 60% of the cost of a $1300-per-year disability insurance plan.
Determine the total amount deducted from her gross income health and disability insurance during each pay period.
Solution:
In order to determine the amount deducted during each day period, we first take the total amount per month. To do so, we take 90% of the health insurance plan and 60% of the disability insurance plan, then divide the total sum by 360. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
=90/100
= 0.9
= (0.9)($3500)
= $3,150
= 60/100
= 0.6
= (0.6)($1300)
= $780
= $780 + $3150
= $3930
= $3930/360
= $10.9
Final answer:
The amount paid per day is $10.9.