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Candice, a 25-year old female, bought a 160000 dollar, 10-year life insurance policy through her employer. Candice is paid biweekly. How much is deducted from each of her paychecks for life insurance?


(Use the table)




A) $15.38

B) $16.67

C) $20.00

D) $21.67

(I'll pick brainliest answer and please tell me why don't just say a letter/number)

Candice a 25year old female bought a 160000 dollar 10year life insurance policy through her employer Candice is paid biweekly How much is deducted from each of class=

Respuesta :

Okay first, you’ll take $160,000 and divide it by $1,000 (because according to the table the annual premium is per $1,000 of coverage)
Second, after dividing you’ll have $160, which after using the table, will then multiply by $2.50
Third, you’ll get $400. But, she gets paid BIWEEKLY and there are 26 biweekly pay periods in a year.
So lastly, you’ll divide $400 by 26 and get $15.38.
Answer is A
Hope this helps!
savagebeast228492

Answer:

15.38

Step-by-step explanation:

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