Floyd's employer purchased a health insurance plan that costs $825 per
month. Floyd pays $105 toward the plan each month. What is the annual
value of the employer's contribution?
O A. $9900.00
O B. $7160.00
O c. $1260.00
O D. $8640.00
The answer is D. First you subtract $105 from $825 to get the monthly contribution of the employer. That gives you $720 per month the employer pays. Then you just multiply that number by 12 months and you get $8640.
