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Jimmy's employee benefits include family health care coverage. He contributes 15% of the cost. Jimmy gets paid biweekly and $115.00 is taken out of each paycheck for family health care coverage. How much does his employer contribute annually for the family coverage?

Respuesta :

Jimmy receive 26 paychecks per year because bi-weekly pay periods occur once every two weeks.

Since he contributes 15% of his paycheck= $115 for family health care coverage.

To determine how much does he contribute annualy, we need to multiplicate $115 by 26:

[tex]115\cdot26=2,990[/tex]

Jimmy contributes $2,990 annualy for the family coverage.

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