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Employees at Lancaster Manufacturing are responsible for paying 38% of their annual health insurance premium. If the total monthly premium for an individual policy is $92.50, how much does the company pay annually for each individual policy?

Answer :

LuLu1969
Employee annual cost is $1,110.00 and 38% of that is $421.80 that the employee pays.

So the company annually pays $688.20 for each policy

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