Job A pays $13.00 per hour. Job B pays $11.00 per hour but has health benefits. Health insurance costs $3,400 per year. You expe

Question

3 years ago

6

ct to work 2,000 hours during the year. Ignoring taxes, which job will leave you with more money at the end of the year?

2 answers:

worty [1.4K] · Answer 1 · 2022-07-31T03:45:10+03:00

6 0

It would probably be job b because of health benefits

notka56 [123] · Answer 2 · 2022-07-31T05:49:21+03:00

Answer:

Job A

Explanation:

1- Let's consider Job A:

Job A pays $13.00 per hour

Since you intend to work 2,0000 hours during the year, therefore:

Payment you get from job A = 13 * 2,000 = $26,000

Job A has no health benefits, therefore, you will be paying for your own health insurance which cost $3,400 per year.

Therefore, after one year:

Job A will leave you with = 26,000 - 3,400 = $22,600

2- Let's consider Job B:

Job B pays $11.00 per hour

Since you intend to work 2,000 hours during the year, therefore:

Payment you get from job B = 11 * 2,000 = $22,000

Job B has health benefits, therefore, you will not be paying health insurance.

Therefore, after one year:

Job B will leave you with = $22,000

3- Comparing the two jobs:

By comparing the above two jobs, we can conclude that Job A will leave you with with $600 more than job B.

Hope this helps :)