Utah Contractor Practice Exam

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If the employee's insurance cost is $147.20 for the month and they work a total of 160 hours, how much does insurance cost per hour?

$0.92
$0.78
$0.54
$0.36

The correct answer is: $0.92

To determine the cost of the employee's insurance per hour, you begin by taking the total monthly insurance cost and dividing it by the total number of hours worked in that month. In this case, the employee's insurance cost is $147.20 and they worked 160 hours. The calculation would be as follows: Insurance cost per hour = Total insurance cost / Total hours worked Insurance cost per hour = $147.20 / 160 hours Insurance cost per hour = $0.92 Thus, the cost of the insurance per hour for the employee is $0.92. This figure accurately reflects how much it costs for insurance coverage per hour of work performed, allowing for a clear understanding of the expense in relation to the hours worked.