liams job offer comparison\njob 1: seattle, wa\njob 2: silicon valley, ca\nsalary\n$78,000\n$100,000\nbenefit…

liams job offer comparison\njob 1: seattle, wa\njob 2: silicon valley, ca\nsalary\n$78,000\n$100,000\nbenefits\n$4,000 bonuses, health insurance, 401k\n$2,500 bonuses, health insurance, 401k\naverage monthly rent & utilities\n$1,350\n$3,150\nwhich company is a better choice based on annual income after housing and utility costs?\njob 2 is a better choice because it will have a salary and benefits worth $20,500 more than job 1.\njob 2 is a better choice because the annual income after housing is expected to be $140,300 but job 1 is expected to be $98,200.\njob 1 is a better choice because the annual income after housing is $65,800 but that of job 2 is $64,700.\njob 1 is a better choice because annual income after benefits and housing will be $109,800 but the annual income for job 2 will be $92,200.

liams job offer comparison\njob 1: seattle, wa\njob 2: silicon valley, ca\nsalary\n$78,000\n$100,000\nbenefits\n$4,000 bonuses, health insurance, 401k\n$2,500 bonuses, health insurance, 401k\naverage monthly rent & utilities\n$1,350\n$3,150\nwhich company is a better choice based on annual income after housing and utility costs?\njob 2 is a better choice because it will have a salary and benefits worth $20,500 more than job 1.\njob 2 is a better choice because the annual income after housing is expected to be $140,300 but job 1 is expected to be $98,200.\njob 1 is a better choice because the annual income after housing is $65,800 but that of job 2 is $64,700.\njob 1 is a better choice because annual income after benefits and housing will be $109,800 but the annual income for job 2 will be $92,200.

Answer

Explanation:

Step1: Calculate annual housing cost for Job 1

$1350\times12 = 16200$

Step2: Calculate total annual income with benefits for Job 1

$78000 + 4000=82000$

Step3: Calculate annual income after housing for Job 1

$82000 - 16200=65800$

Step4: Calculate annual housing cost for Job 2

$3150\times12 = 37800$

Step5: Calculate total annual income with benefits for Job 2

$100000+2500 = 102500$

Step6: Calculate annual income after housing for Job 2

$102500 - 37800=64700$

Answer:

Job 1 is a better choice because the annual income after housing is $65,800$ but that of job 2 is $64,700$.