Betty Wu has family medical coverage through her employer's group medical plan. The annual cost of...
Betty Wu has family medical coverage through her employer's group medical plan. The annual cost of her coverage is $5,500. If her employer pays 75 percent of the coverage, how much does Wu have to pay?
|
a |
$1,925.00 |
|
b |
$1,375.00 |
|
c |
$4,125.00 |
|
d |
$68.75 |
Homework Answers
Your required answer is option B i.e. $1,375
Explanation:
If employer is paying 75% of coverage then employee need to pay remaining 25% of coverage.
So 25% of annual coverage $5,500 would be $1,375 ($5,500*25%)
I hope this clear your doubt.
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