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The cost of $500,000 worth of 30-year-term life insurance for Edna is $121.04 per month. If Edna’s employer covers 80% of this cost, how much is deducted from Edna’s gross income per year for life insurance

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Dibny
If Edna's gross income should be deducted $121.04 per month for life insurance, then she should be deducted [tex]121.04*12=1452.48[/tex] in a year.

Since her boss covers 80%, she will only need to be deducted 20% for life insurance. Getting 20% of 1,452.48, we'll get:

[tex]1452.48*0.20=290.50[/tex]

ANSWER: $290.50 is deducted from Edna's gross income per year for life insurance.
LoganBS10

Answer:

$290.50

Step-by-step explanation:

APEX

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