HELP MEEEEEEEEEE

Question

hillary pays $9.25 of her monthly lifew insurance premium, and her employer covcers the rest. if her monthy premium is $36.50, what is the annual value to hillary of this benifit?

Answer 1

Good Afternoon, Dg,

Let's first calculate how much Hillary contributes to her plan, then calculate what her total monthly premium is, and finally subtract what Hillary pays from the total premium. That answer will be what the annual value is to Hillary, fair enough? 

So:

Hillary: 

12 * 9.25 = 111.00 is Hillary's contribution to her life insurance. 


Employer: 

12 * 36.50 = 438.00 is what Hillary's employer pays BUT we must subtract what Hillary contributes first to determine what the company pays, right?


$438.00
-111.00
---------

$327.00   <----This is what Hillary's employer actually pays, and is the annual value to Hillary of this benefit. 


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