caitlin has finished her schooling and training to be a dental hygienist. she has two job offers that she is…

caitlin has finished her schooling and training to be a dental hygienist. she has two job offers that she is considering. caitlins job offer comparison job 1: albuquerque, nm job 2: ann - arbor, mi salary $54,000 $61,000 benefits $2,500 bonuses, health insurance, 401k health insurance, 401k average monthly rent & utilities $925 $1,300 which job would offer the best annual income considering the cost of living in each locale? job 2 is a better choice because the annual income after rent and utilities is $59,700 but that of job 1 is $55,575. job 2 is a better choice because the annual income after rent and utilities is $45,400 but the income for job 1 is $41,900. job 1 is a better choice because it costs $4,500 less per year to live there. the jobs have equal annual incomes of $45,400 after rent and utilities so caitlin should take the job in her favorite locale.

caitlin has finished her schooling and training to be a dental hygienist. she has two job offers that she is considering. caitlins job offer comparison job 1: albuquerque, nm job 2: ann - arbor, mi salary $54,000 $61,000 benefits $2,500 bonuses, health insurance, 401k health insurance, 401k average monthly rent & utilities $925 $1,300 which job would offer the best annual income considering the cost of living in each locale? job 2 is a better choice because the annual income after rent and utilities is $59,700 but that of job 1 is $55,575. job 2 is a better choice because the annual income after rent and utilities is $45,400 but the income for job 1 is $41,900. job 1 is a better choice because it costs $4,500 less per year to live there. the jobs have equal annual incomes of $45,400 after rent and utilities so caitlin should take the job in her favorite locale.

Answer

Explanation:

Step1: Calculate annual rent and utilities for Job 1

$925\times12 = 11100$

Step2: Calculate net annual income for Job 1

$54000 + 2500-11100=45400$

Step3: Calculate annual rent and utilities for Job 2

$1300\times12 = 15600$

Step4: Calculate net annual income for Job 2

$61000-15600 = 45400$

Answer:

The jobs have equal annual incomes of $45,400 after rent and utilities so Caitlin should take the job in her favorite locale.