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## Math help(Personal finance)!?!?!?!?!?

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### Math help(Personal finance)!?!?!?!?!?

Sergio's employer covers 80% of the cost of a \$3300-per-year health insurance plan and 70% of the cost of a \$1400-per-year disability insurance plan. If Sergio gets paid monthly, what is the total amount deducted from his gross income for health and disability insurance during each pay period?

A.\$45.00
B.\$90.00
C.\$301.67
D.\$150.83
storm81

Posts: 471
Joined: Sat Apr 02, 2011 4:17 am

### Math help(Personal finance)!?!?!?!?!?

20% of 3300 = 660
30% of 1400 = 420

(660+420)/12 = \$90 per month
burneig

Posts: 502
Joined: Fri Apr 01, 2011 8:29 am

### Math help(Personal finance)!?!?!?!?!?

For your answer you take .80 times 3300, keep that answer. Then take .70 times 1400 and keep that answer. Add those two answers together and this is the total deducted from his gross amount each pay period.
conchobhar

Posts: 498
Joined: Thu Mar 31, 2011 9:54 am

### Math help(Personal finance)!?!?!?!?!?

For your answer you take .80 times 3300, keep that answer. Then take .70 times 1400 and keep that answer. Add those two answers together and this is the total deducted from his gross amount each pay period.
Since both insurance are calculated by per year. First, divide both the amount by 12.

3300/12=275
1400/12=116.67

Then times the figure by the percentage that is not covered by the company.

1-0.8=0.2
275*0.2=55

1-0.7=0.3
116.67*0.3=35

The answer for both would be the amount deducted from his gross income during each pay period.

55+35=90

Which is B.

anyway shouldn't you do your own homework?
parry

Posts: 426
Joined: Sat Apr 02, 2011 5:41 am