Floyd's employer purchased a health insurance plan that costs $825 per month. floyd pays $105 toward the plan each month. what is the annual value of the employer's contribution?

The annual value of the employer's contribution is $8640.

Step-by-step explanation:

Since we have given that

Amount that is incurred by Floyd's employer purchase a health insurance = $825

Amount he paid towards the plan = $105

So, that means the remaining amount is paid by the employer.

So,Monthly  Remaining amount would be

So, Annual value of the employer's contribution is given by

Hence, the annual value of the employer's contribution is $8640.