\begin{tabular}{l} Check My Work \\ Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over \\ 1,000 should include the comma ( \( \$ 2,354.67 \) ). All percentage values in the answers need to include a percentage sign (\%). For all items without \\ specific rounding instructions, round your answers to two decimal places, show both decimal places ( 5,06 ). \\ \hline At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less than \\ \( \$ 55,000 \) per year, he pays \( \$ 60 \) per month for individual coverage and \( \$ 115 \) per month for family coverage. If an employee makes at least \\ \( \$ 55,000 \) per year, Individual coverage is \( \$ 90 \) per month and family coverage is \( \$ 165 \) per month. \\ a. Arielle is an office assistant at Richardson. She makes \( \$ 47,700 \) per year. She has individual health care. Her yearly contribution is \( 5 \% \) of \\ the total cost of the health care policy. How much does her employer contribute? \\ b. Catherine is a department manager at Richardson. Her annual salary is \( \$ 68,300 \). She has family health care. Her employer contributes \\ \( \$ 935 \) per month towards her total coverage cost. What percent does Catherine contribute toward the total coverage? \end{tabular}
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Arielle pays \( \$ 60 \) per month for her individual health care, which totals \( \$ 720 \) annually (\( 60 \times 12 \)). Since she contributes \( 5\% \) of the total cost, her contribution is \( \$ 720 \times 0.05 = \$ 36 \). Therefore, her employer contributes the remaining amount: \( \$ 720 - \$ 36 = \$ 684 \). For Catherine, her family coverage costs \( \$ 165 \) per month, totaling \( \$ 1,980 \) annually (\( 165 \times 12 \)). Her employer covers \( \$ 935 \) each month, which equals \( \$ 11,220 \) annually (\( 935 \times 12 \)). To find what percentage Catherine contributes, we first calculate her contribution: \( \$ 1,980 - \$ 11,220 = -\$ 9,240 \), which indicates an error as she cannot contribute a negative amount. Thus, Catherine does not contribute anything in this case, as the employer's contribution exceeds the total cost. This highlights the importance of understanding how employer contributions can sometimes surpass actual healthcare costs, making employees less financially burdened.