Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost of the health care policy. How much does her employer contribute

$9120

Explanation:

Here is the completed question:

At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than $55,000 per year, he pays $40 per month for individual coverage and $85 per month for family coverage. If an employee makes at least $55,000 per year, individual coverage is $70 per month and family coverage is $165 per month. Arielle is an office assistant at Richardson. She makes $47,700 per year. She has individual health care. Her yearly contribution is 5% of the total cost. How much does her employer contribute?

Since it's an individual coverage and $40 is paid per month, the yearly payment will be:

= $40 × 12

= $480

Let the total contribution be represented by y.

5% of y = $480

5% × y = $480

0.05 × y = $480

0.05y = $480

y = $480 / 0.05

y = $9600

Since the total contribution is $9600 and Arielle pays $480. Therefore, the employer will contribute:

= $9600 - $480

= $9120

answer; i believe the correct answer is (a) purchase of treasury stock;