1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
padilas [110]
3 years ago
14

Daniels is considering two job offers: a full-time permanent position that pays $78,000 annually and a full-time contract job th

at pays $40 per hour. The following information is used for calculating income, taxes, and costs. The contract job is self-employment, which is taxed an additional 7.65% of gross income. The U.S. government deducts Social Security (6.2%) and Medicare (1.45%). Daniels will deduct 15% of gross income to cover federal income tax. Daniels does not live in a state with state income tax. The permanent position will cost you $95 per month in health care benefits and 4% of your after-tax income in retirement contributions. The contract job will cost you $150 per month in health care benefits and 8% of your after-tax income in retirement contributions. Which job has a larger gross annual income?
A. Same gross annual income
B. Contract job
C. Full-time position
Mathematics
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

Option B,contract job

Step-by-step explanation:

It is likely the number of hours in a work week is 40 hours .

With fifty weeks in year 2020 and 10 ten days of Bank Holidays,the gross annual income from the contract full time employment can be computed thus

gross annual income=$40*40*(53-2)=$81,600

The pay is $40 per hour

In a week 40 hours are worked

There are fifty three weeks in the year minus 10 days of holiday which represents 2 working weeks for a Monday to Friday job

The gross annual income for full time permanent role is $78,000

As a result,the full time contract job pays more

                   

You might be interested in
What is the slope of the line that passes through the points (-4, -4)(−4,−4) and (-4, -9) ?(−4,−9)? Write your answer in simples
Akimi4 [234]

Answer:

undefined slope

Step-by-step explanation:

The points contain the same x-value. This means that the line is vertical.

All vertical lines have an undefined slope.

Hope this helps.

5 0
2 years ago
There are 3 different highways from City W to
devlian [24]

Answer:

6 x 4 you have 4 numbers and each can be put in 6 different ways. so it is 24 i think

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Ellen has a beginning balance of $370 in her checking account. She writes two checks for $40 and $50 respectively and deposits $
Naily [24]
$370.00 - $40.00 = $330.00
$330.00 - $50.00 = $280.00
$280.00 + $210.00 = $490.00
Ellen now has $490.00 as her new balance.
3 0
3 years ago
Read 2 more answers
Which of the following is the correct graph of the compound inequality 4p + 1 <-11 or 6p +3 > 39?
____ [38]
I think that will be the answer and the graph i take it for leter

4 0
3 years ago
Team infinite dimensions canoed 15 and 3/4 miles in 3 hours.What was their average rate of speed in miles per hour
Rom4ik [11]
5.25 Miles per hour!
5 0
3 years ago
Read 2 more answers
Other questions:
  • Denise provides water for the runners at her schools 10K road race. She has a container that holds 678 ounces of water. How many
    9·2 answers
  • Derek has a bird that weighs 3 pounds. Use the double line diagram below to help you determine approximately how many kilograms
    12·2 answers
  • If 1 and -1 are the zeroes of the polynomial p(x) = ax 3 + x 2 − 2x + b, find the values of a and b
    13·1 answer
  • karen is reading the great gatsby in English class. So far, she has read 30 pages. If she reads 18 pages a day and there are 192
    12·2 answers
  • Answer please<br> please please please
    11·2 answers
  • Mia rolls a pair of standard six-sided dice. Find the chance that the two numbers add to 8.
    8·1 answer
  • 76.2 x 8.8 =<br> What is the answer
    7·1 answer
  • Can u please help me?!?!
    11·1 answer
  • This is algebra plz help me:
    11·1 answer
  • Solve for x and find the value of the unknown angle measures.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!