WILL MARK AS BRAINEST!!!!! PLEASE HELP ME!!!!!!! 70 POINTS!!!

You just graduated college (age 23) and now have your dream job of a computer animator. Your gross salary is 43,000 a year. Answer the following questions about saving and deductions.

1.Once you are hired, you must choose health insurance. You choose an annual premium of $4,500 and your company pays 75% of the premium. The rest is deducted from your monthly paycheck. How much is deducted?

2. After choosing insurance, you must choose a life insurance policy. You choose a 80,000, 20-year life insurance policy. How much is deducted from your monthly paycheck? Use the chart below to help you determine your premium.

3. While choose benefits, you also much decide how much you will put aside for retirement. You choose to set aside 6% of your income for your 401k. Your company will match up to 3%. How much is set aside for your retirement each month

4. Now that you have a real job, you decide to put money into a saving account that gains interest instead of your piggy bank. You deposit 800 dollars into a saving account that will earn 1.2% interest over a year. How much interest have you earn after 8 months?

Question

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Respuesta :

kavinkameka1 kavinkameka1 · Answer 1 · 2019-03-05T22:24:24+01:00

Answer:

Step-by-step explanation:

1 is 1125

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wegnerkolmp2741o wegnerkolmp2741o · Answer 2 · 2019-03-05T22:31:21+01:00

Answer:

1. 93.75 comes out each month.

2. No table

3. 322.50 per month

4. 6.40 in 8 months

Step-by-step explanation:

1. The premium is 4500.

The company pays 75%, so that means I pay 100-75 = 25% percent.

4500 * 25%

4500 * .25 =1125 per year

Divide this by 12 to determine how much comes out each month

1125/12 =93.75 comes out each month.

2. There is no chart

3. The total set aside is 6+3 = 9 percent

43000 * 9 %

=43000 * .09

= 3870 per year

Divide this by 12 to get the amount per month

3870/12 =322.50 per month

4. Assuming simple interest

I = Prt where p is the principal, r is the rate and t is the time

I = 800 *(.012) *1

I = 9.60 in 1 year

Divide by 12 to determine the interest in 1 month

9.60/12 =.80

Multiply by 8 to determine the interest in 8 months

.8*80 = 6.40