Question

The Mighty Machinery Company subscribes to the Healthy Family Medical Organization. Monthly insurance premiums are: employee without dependents, $350; employee with one dependent, $450; employee with multiple dependents, $550.

The Mighty Machinery Company pays a large part of the premiums for participating employees and their dependents. Participating employees have deducted from their paychecks every month $40 from an employee without dependents, $80 from an employee with one dependent, and $100 from an employee with multiple dependents.

The Healthy Family Medical Organization has a deductible of $300 per year for an employee with no dependents, $450 per year for an employee with one dependent, and $600 per year for an employee with multiple dependents. The organization pays 80% of all medical bills in excess of the deductible.

Refer to the above information on the Mighty Machinery Company. An employee with 2 dependents participates in the company health plan.

Compute the amount deducted from the employee's wages in one year.

Answer 1

An employee wih d mh 2 derendents sill butd in empleje oith muthple depandents So Monly inuiance premium fov thc emplyce- 550 So annual susane prt mium SsoxI2 6600 As this employee t pasticipating so he waidld amount de ductd tom hir pay chers vay month oo so total amount deducted in yeas- t,00x12.キ12.00 lso health family medical organis has dependents 1200 So total omount to be de ducted in I yeao 84 0o Buk huse orgenisa henトage, go7. all medical bills in exess of the deduchble So amount paid by organisatron-Bo ot 3460 80 8400 1o6 $6120 So amount deducted from the conges in one geos 8400620 - 1680 Ant