Bill mason is considering two job offers. job 1 pays a salary of $41,300 with $5,525 of nontaxable employee benefits. job 2 pays a salary of $40,400 and $7,125 of nontaxable benefits. use a 25 percent tax rate.
calculate the monetary value for both the jobs.

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.

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.

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

1,645,493,059.35

step-by-step explanation:

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