Answer:
Part 1. Monthly health insurance benefit for job A is $205
Yearly health insurance benefit for job A is $2,460
Monthly health insurance benefit for job B is $295
Yearly health insurance benefit for job B is $3,540
Part 2. The yearly value of the life insurance policy for job A is $480
The yearly value of the life insurance policy for job B is $600
Part 3. The yearly value of the 401 (k) match from job A is $3, 250
The yearly value of the 401 (k) match from job B is $5, 760
Explanation:
Part 1. The health insurance benefit per month for job A = $300 - $95 = $205
The annual health insurance benefit = $205×12 = $2,460
The health insurance benefit per month for job B = $400 - $105 = $295
The annual health insurance benefit = $295×12 = $3,540
Part 2. The monthly life insurance plan for job A = $40
The yearly value of the life insurance policy for job A = $40 × 12 = $480
The monthly life insurance plan for job B = $50
The yearly value of the life insurance policy for job B = $50 × 12 = $600
Part 3. The yearly value of the 401 (k) match from job A = 0.05 × $65,000 = $3, 250
The yearly value of the 401 (k) match from job B = 0.09 × $65,000 = $5, 760
