5
QuizMultiple Choice

Health Insurance

Question 5 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

The health benefits Tom receives from his employer cover 43% of the total monthly premium of $345.00. How much does Tom have to pay each month?

Answer
A
$148.35
B
$196.65
C
$302.00
D
$288.00

Explanation

Tom’s employer pays 43% of the $345.00 premium, so Tom pays the remaining 57%. Calculate 0.57 × $345.00 = $196.65, so the correct choice is $196.65.

AI-written and checked against the verified answer.

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