Question

Ming has two job offers, in different states. The first job (a marketing manager) earns a salary of $51,000 and there is no state income tax. The second job (a graphic designer) earns a salary of $54,000 and the state income tax rate is 6%. The government also takes out 6.2% for Social Security, 1.45% for Medicare, 15% for federal income tax. The health benefits are the same for both jobs. Which job should he take?




a. The marketing manager because it pays about $70 more each month.




b. The marketing job because it pays about $300 more each month.










d. The graphic design job because it pays about $250 more each month
10 points

Answer 1

Answer:

A. 1

Step-by-step explanation:

Answer 2

Answer:

A

Step-by-step explanation:

The other dude did have the right answer, but for an explanation, you:

1. Take the 51,000 and multiply it by 22.65% (The sum of taxes for this job). You get 39448.5. You take 39448.5 and divide it by 12 (for monthly net income) and you get 3287.375 a month.

Then you:

2. Take 54,000 and multiply it by 28.65 (the sum of taxes for this job (remember that this job has an extra tax of 6%)). You get 38529. You take 38529 and divide it by 12 (for monthly net income) and you get 3210.75 a month.

Finally:

3. You just compare the monthly net incomes and see that marketing manager job pays around 70 more dollars a month. Hope that helped!