Premium calculations: first option

Calculations and premium amount Amount Subtract the MNIL* ($967) from unearned income ($1,141 - $967 = $174) Take 50% of the result (.5 x $174 = $87) * The MNIL amount is subject to change . $87 Calculate 5% of unearned income (.05 x $1141 = $57.05) $57.05 Subtract $65 from gross earned income ($2065 - $65 = $2000) Take 2.5% of the result (.025 x $2000 = $50) $50 PREMIUM AMOUNT (rounded down) - using first option ($87 + $57.05 + $50 = $194.05) $194.05