Answer:
4712.54
Step-by-step explanation:
His total annual premium 4712.54
. Billy received the deducted by $105.73 paycheck, twice a month throughout the year, so he received 24 deducted paychecks in a year. The sum of all the deducted $105.73 amount throughout the year will be the 35% of Billy's total annual health insurance premium.
To get the amount his employer contribute towards his health insurance on an annual basis, we will have to multiply the sum deducted by twice a month throughout the year in which he received deducted paychecks.
105.73 * 24 = 2537.52
The next step is to divide our answer with 35% of Billy's total annual health insurance premium.
x = 2537.52/.35
x = 7250.06
7250.06 * 0.65 = 4712.54
