Question

question 3 of 10
hillary pays $9.25 of her monthly life insurance premium, and her employer covers the rest. if her monthly premium is $36.50, what is the annual value to hillary of this benefit?

a. $327
b. $216
c. $111
d. $438

Explanation:

Step1: Find monthly employer contribution

Monthly premium is $36.50, Hillary pays $9.25. So employer's monthly contribution is $36.50 - $9.25 = $27.25.

Step2: Calculate annual employer contribution

There are 12 months in a year. So annual value is $27.25 × 12 = $327.

Answer:

A. $327