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Sierra, an Event Planner for Hilton, has group medical insurance with an annual premium of $8,245. Her employer pays 74%. If she is paid semi monthly, a) what is her portion of the annual premium? b) her medical insurance deduction per pay period?

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sqdancefan

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Answer:

  • $2,143.70
  • $89.32

Step-by-step explanation:

If 74% is paid by Hilton, then Sierra pays 26% of $8245 per year. Her annual share is ...

  0.26 × $8245 = $2143.70 . . . Sierra's share

__

Then the deduction in each of her 24 pay periods is ...

  $2143.70/24 = $89.32 . . . per pay period

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