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 please select the best answer from the choices provided a b c d

Question

14-04-2022
Mathematics

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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 please select the best answer from the choices provided a b c d

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shivishivangi1679 shivishivangi1679 · Answer 1 · 2022-04-25T10:40:33+02:00

Bob’s employer covers 23% of his family’s annual health insurance premium has family's annual health insurance premium is $6,256.88.

What is an insurance premium?

Insurance premiums are paid for policies that cover all the basic needs such as healthcare, home, and life insurance.

Health insurance premium:

Paychecks=$185.30 x 26

Paychecks=$4,817.80

To calculate insurance premium

Health insurance premium=$4,817.80/(100%-23%)

Health insurance premium=$4,817.80/77%

Health insurance premium=$6,256.88

In conclusion, his family's annual health insurance premium is c. $6,256.88.

Learn more about insurance premiums: here:brainly.com/question/2010067