Question 4 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Bob pays the portion not covered by his employer: 100% − 23% = 77% of the annual premium. His total paycheck deductions are $185.30 × 26 = $4,817.80, so this is 77% of the premium. Divide $4,817.80 by 0.77 to get $6,256.88, choice C.
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