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sing-chi chow has a single plan. the ppo annual premium is $12,436
the employer pays 85% of the cost. (a) how much does sing-chi pay
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annually? (b) how much is deducted from his weekly paycheck?
e

Respuesta :

abiolataiwo2015

If the ppo annual premium is $12,436 the amount that sing-chi pay is $1,865.40 and the amount deducted from his weekly paycheck is $35.87.

Annual premium

a. Payment

Using this formula

Payment=Annual premium×(1-rate)

Let plug in the formula

Payment=$12,436×(1-0.85)

Payment=$12,436×0.15

Payment=$1,865.40

2. Weekly paycheck deduction:

Weekly paycheck deduction=Payment ÷Numbers of week in a year

Weekly paycheck deduction=$1,865.40/52 weeks

Weekly paycheck deduction=$35.87

Inconclusion the amount that sing-chi pay is $1,865.40 and the amount deducted from his weekly paycheck is $35.87.

Learn more about annual premium here:https://brainly.com/question/25280754

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