First, we are going to find 60% of the annual cost. This is the amount that the insurance company pays annually:
[tex]12312\text{ x 0.60 =7387.2 }[/tex]that is, the annual cost of Josh’s family coverage that the company pays is $7387.2. Now, we remove that annual value from the original value, in order to obtain what Josh spends annually on insurance:
[tex]12312-7387.2\text{ = 4924.8}[/tex]Then, Josh spends annually on insurance the amount of $4924.8. Now, we are going to divide that value into the 52.14 weeks that approximately one year has:
[tex]\frac{4924.8}{52.14}\text{ }\approx\text{94.4}5[/tex]Then, we can conclude that he pay weekly for medical insurance an amount of $94.45.
