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Marcus' employee benefits include family health care coverage. He contributes 25% of the cost. Marcus gets paid weekly and $102 is taken out of each paycheck for family healthcare coverage. How much does his employer contribute annually for coverage?

Respuesta :

Monthly amount, M = $102×4 = $408.

Also, yearly amount, Y = M×12 = $408×12 = $4896

It is given that 25% of the cost is contributed by Marcus.

Amount Marcus paid

[tex]=\dfrac{\$4896 \times 25 }{100}\\\\= \$1224[/tex]

Therefore, his employer contribution annually for coverage is $( 4896 - 1224)=$3672.

Hence, this is the required solution.

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