christianconstable10
Answered

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\begin{tabular}{|c|c|c|}
\hline \multicolumn{2}{|c|}{Caitlin's Job Offer Comparison} \\
\hline & Job 1: Albuquerque, NM & Job 2: Ann-Arbor, MI \\
\hline Salary & \[tex]$54,000 & \$[/tex]61,000 \\
\hline Benefits & \[tex]$2,500 bonuses, & Health insurance, \\
& health insurance, & 401K \\
\hline Average Monthly Rent \& Utilities & & \\
\hline
\end{tabular}

Which job would offer the best annual income considering the cost of living in each locale?

A. Job 2 is a better choice because the annual income after rent and utilities is \$[/tex]59,700 but that of Job 1 is \[tex]$55,575.

B. Job 2 is a better choice because the annual income after rent and utilities is \$[/tex]45,400 but the income for Job 1 is \[tex]$41,900.

C. Job 1 is a better choice because it costs \$[/tex]4,500 less per year to live there.

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

Sagot :

GinnyAnswer
To determine which job offers the best annual income, let's analyze the information provided and perform the necessary calculations step-by-step.

Here is what we know from the problem:

### Job 1: Albuquerque, NM
- Salary: [tex]$54,000 - Benefits: $[/tex]2,500 bonuses + health insurance

### Job 2: Ann Arbor, MI
- Salary: [tex]$61,000 - Benefits: Health insurance, $[/tex]401K

To compare the annual incomes considering potential costs of living, we assume any necessary rent and utilities costs might be implicitly included in the given annual salary information. Here are the steps we follow:

1. Calculate Annual Income for Job 1 (Albuquerque):
- Base Salary: [tex]$54,000 - Bonuses: $[/tex]2,500
- Total Annual Income: [tex]$54,000 + $[/tex]2,500 = [tex]$56,500 2. Calculate Annual Income for Job 2 (Ann Arbor): - Base Salary: $[/tex]61,000
- Total Annual Income: [tex]$61,000 There are no explicit costs for rent and utilities provided. Assume these costs are manageable or covered within the total annual salary for comparison purposes. ### Final Comparison: - Job 1 (Albuquerque) Final Annual Income: $[/tex]56,500
- Job 2 (Ann Arbor) Final Annual Income: [tex]$61,000 Given these calculations, Job 2 (Ann Arbor, MI) offers a higher annual income compared to Job 1 (Albuquerque, NM). Thus, Job 2 is a better choice because the annual income after considering there are no explicit costs for rent and utilities provided amounts to $[/tex]61,000 for job 2 and $56,500 for job 1, indicating a higher net benefit for Job 2.
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