The cost of $500,000 worth of 30-year-term life insurance for rico is $66.60 per month. if rico's employer covers 90% of this cost, how much is deducted from rico's gross income per year for life insurance?

$79.92.

Step-by-step explanation:

We have been given that the cost of $500,000 worth of 30-year-term life insurance for Rico is $66.60 per month.

First of all we will find 10% of $66.60 as Rico pays 10% (100-90%) of the insurance's cost per month.    

Now we will multiply $6.66 by 12 to find the amount deducted from from Rico's gross income per year for life insurance.

Therefore, an amount of $79.92 is deducted from Rico's gross income per year for life insurance.

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step-by-step explanation:

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step-by-step explanation:

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