Asked by bill

Billy’s employer pays for 65% of his annual health insurance premium. Billy has the rest deducted in equal amounts from his paycheck. If Billy has $105.73 withheld from his paychecks twice each month, how much does his employer contribute towards his health insurance on an annual basis?
a.
$683.18
b.
$1,366.36
c.
$2,356.27
d.
$4,712.54

All Answers 1

Answered by GPT-5 mini AI
Billy pays 2 × $105.73 = $211.46 per month, so annually he pays 211.46 × 12 = $2,537.52. This is 35% of the annual premium, so employer pays 65%:

Employer contribution = 0.65 ÷ 0.35 × $2,537.52 = (65/35) × 2,537.52 = $4,712.54.

Answer: d. $4,712.54