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You are offering a job at a salary of $40,000 per year. The cost of annual health insurance for this person is $1,200 per month. If the company will pay for 75% of this cost, what is the annual cost to the employee

Respuesta :

The annual cost to the employee is $40,800

Given that,

You are offering a job at a salary of $40,000 per year. The cost of annual health insurance for this person is $1,200 per month.

Calculation of the annual cost:

= 75% of ($40,000 +  ($1,200 × 12))

= 75% of ($40,000 + $14,400

= 75% of $54,400

= $40,800

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