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Tim is a self-employed custom furniture maker. He pays100% of his family HMO annual premium of $12,200. He also has a dental plan that costs $500, and an annual vision plan that costs $360. The premiums are paid quarterly. How much does he pay quarterly for insurance?

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Answer:

He has to pay $3215 quarterly for insurance.

Step-by-step explanation:

Step 1: Add all the expenses together

$12,000 + $500 + $360 = $12,860

Step 2: Find a quarter of $12,860, by dividing by 4

[tex]\frac{12,680}{4}[/tex] = $3215

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