9
QuizMultiple Choice

Health Insurance

Question 9 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Mr. Henderson’s annual premium of $4,668 is covered entirely by his employer along with 25% of the $9,264 premium for his wife and kids. How much of the Henderson family’s annual premium is being paid for by Mr. Henderson’s employer?

Answer
A
$2,316
B
$3,483
C
$6,984
D
$10,431

Explanation

The employer pays all of Mr. Henderson’s $4,668 premium and 25% of the $9,264 premium for his wife and kids. One quarter of $9,264 is $2,316, so the employer pays $4,668 + $2,316 = $6,984 total. The correct choice is $6,984.

AI-written and checked against the verified answer.

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