Let's break down the problem step by step.
1. Calculate the employer's contribution to the insurance cost:
The employer pays 80% of the total insurance cost. To find this, multiply the total insurance cost by 0.80 (or 80%).
Total insurance cost per year: \[tex]$2210
Employer's contribution:
\[
0.80 \times 2210 = \$[/tex]1768
\]
2. Determine the employee's yearly contribution:
The total insurance cost minus the employer's contribution will give us the employee's yearly contribution.
Employee's yearly contribution:
[tex]\[
2210 - 1768 = \$442
\][/tex]
3. Calculate the biweekly contribution:
There are 26 biweekly periods in a year. To find the biweekly amount taken from the employee’s paycheck, we divide the employee's yearly contribution by 26.
Biweekly contribution:
[tex]\[
\frac{442}{26} = \$17
\][/tex]
Therefore, the amount taken from the employee's biweekly paycheck for health insurance is [tex]\(\$17\)[/tex].
