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## Bill Mason is considering two job offers. Job 1 pays a salary of $41,300 with $5,525 of nontaxable employee benefits. Job 2 pays a salary of

Question

Bill Mason is considering two job offers. Job 1 pays a salary of $41,300 with $5,525 of nontaxable employee benefits. Job 2 pays a salary of $40,400 and $7,125 of nontaxable benefits. Use a 25 percent tax rate.

Calculate the monetary value for both the jobs.

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Math
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2021-09-12T07:53:33+00:00
2021-09-12T07:53:33+00:00 1 Answer
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## Answers ( )

Answer:To Calculate the monetary value of both jobs, you would have to calculate the percent tax rate of each salary and add the nontaxable benefit after taxes.

Step-by-step explanation:Reminder:since the 25% is a tax rate which we need tofrom the salary, 75% would be what is left over from the salary after taxes.subtractJob 1 pays a salary of $41,000 and $5,525 of nontaxable benefits. So we calculate the 75% that is left after taxes and add the benefits afterwards.Job 1:So the monetary value of Job 1 would be $36,275Job 2 pays a salary of $40,400 and $7,125 of nontaxable benefits. So we calculate the 75% that is left after taxes and add the benefits afterwards.Job 2:So the monetary value of Job 2 would be $37,425