Can anybody help me w/ this?

Question

Alana's employer purchased a health insurance plan that costs $565 per month and requires that Alana pays $125 toward the plan. What is the annual value of the employer's contribution?

A. $4560
B. $4680
C. $5280
D. $1020

Answer 1

First you have to figure out the employers contribution.

565 is Alana monthly plan

125 is what Alana pays a month 

 

subtract 565-125=440 

 

440 is what the employer pays a month. 

 

Annual means yearly 

 

their are 12 months in a year 

so you would multiply

440x12=5280

 

5280 is the employers annual contribution