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 to subtract from the salary, 75% would be what is left over from the salary after taxes.

Job 1: Job 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.

$(41,000 * 0.75) + 5,525 = 36,275$

So the monetary value of Job 1 would be $36,275

Job 2: Job 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.

$(40,400*0.75) + 7,125 = 37,425$

So the monetary value of Job 2 would be $37,425

3 0

3 years ago

How do you answer this problem

sp2606 [1]

Answer:

Step-by-step explanation:

What problem?

4 0

3 years ago

You need a loan for $1000, and you can take this loan out with Company A or Company B. Company A charges an 8% interest rate and

Wittaler [7]

Answer: Company b

Step-by-step explanation:

because company B is only 5percent it is better and can pay in 8 years

5 0

3 years ago

What adds up to -11 but multiplies to 10?

xxMikexx [17]

The answer is -1 and -10

7 0

3 years ago