At a certain company, there are two factors that determine the cost of health care. If an employee makes less than $65,000 per year, the cost is $52 per month for individual coverage and $98 per month for family coverage. If an employee makes at least $65,000 per year, individual coverage is $67 per month and family coverage is $122 per month.

Respuesta :

a) Graham's employer contributes $561.60 per year or $46.80 per month for the cost of healthcare.

b) The percentage that Claudia contributes toward the total coverage is 28.14%.

Data and Calculations:

Less than $65,000 a year:

The cost per month for individual coverage = $52

The cost per month for family coverage = $98

Up to or more than $65,000 per year:

The cost per month for individual coverage = $67

The cost per month for family coverage = $122

Graham's Income = $62,800

Total cost per year = $624 ($52 x 12)

Graham's contribution per year = $62.40 ($624 x 10%)

Graham's employer contribution per year = $561.60  ($624 x 90%)

Claudia's annual salary = $75,400

Total healthcare cost as a family per year = $1,464 ($122 x 12)

Employer's contribution = $1,052

Claudia's contribution = $412 ($1,464 - $1,052)

Percentage of Claudia's contribution = 28.14% ($412/$1,464 x 100)

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Question Completion:

a. Graham makes $62,800 per year. He has individual health care. His yearly contribution is 10% of the total cost. How much does his employer contribute?

b. Claudia's annual salary is $75,400. She has family health care. Her employer contributes $1,052 per year toward her total coverage cost.

What percent does Claudia contribute toward the total coverage? Round to the nearest tenth of a percent.