Jenny, a 31 year old female, bought a $135,00, 20-year life insurance policy through her employer. Jenny is paid semimonthly. How much is deducted from each of her paychecks for life insurance (use the table)
C.$32.85 Jenny pays 5.84 per 1000 of coverage. 135000/1000 = 135. 135*5.84 = 788.40 total annual premium. semi-monthly is 24 payments for a year (12*2). 788.40/24 = 32.85
