Refer to Mighty Machinery Company. A single employee participates in the company health plan. Compute the amount deducted from the employee's wages in one year.​

Deducted

The process of subtracting an amount from a total, especially from taxable income or expenses.

Insurance Premiums

Payments made regularly to an insurance company in exchange for coverage.

Dependent

An individual who relies on another, typically a family member, for financial support and can often be claimed for tax purposes.