Answer:
Tia Martinez has $200.25 deducted from her semi-monthly pay for group health insurance. Rocky Mountain Ski Parts, her employer, pays 60% of the cost. What is Tia's annual premium for health insurance? (Hint: Annual means for the year.)
Step-by-step explanation:
If the Tia Martinez employer pays 60% of her semi-annual health insurance payment, what she pays is 40% of $ 200.25, which would be equal to: $ 200.25 x 0.4 = $ 80.1 which would be the semi-annual payment , as we are asked for the annual one, it should be multiplied by 2 which are the semesters that the year has, and it would be: $ 80.1 x 2 = $ 160.2 would be the annual premium to be paid by Tia. Semi-monthly would be: $ 13.35 = $ 160.2 / 12 months.
