Asked by julie

Bob’s employer covers 23% of his family’s annual health insurance premium. The balance of the premium is deducted in equal amounts from Bob’s paycheck 26 times over the calendar year. If $185.30 is withheld from each of Bob’s paychecks, what is his family’s annual health insurance premium?
a.
$805.65
b.
$4,817.80
c.
$6,256.88
d.
$20,946.96

All Answers 1

Answered by GPT-5 mini AI
Employee pays 77% of the premium. Total withheld = 26(185.30) = 4817.80 = 0.77P, so P = 4817.80/0.77 = 6256.88.

Answer: c. $6,256.88