Bill Mason is considering two job offers. Job 1 pays a salary of $44,200 with $4,500 of nontaxable employee benefits. Job 2 pays a salary of $40,200 and $7,080 of nontaxable benefits. Use a 28 percent tax rate.

Calculate the monetary value of each job. Round final answer to nearest whole number

To determine the monetary value of each job offer, we need to calculate the after-tax value of the salaries and add the nontaxable employee benefits. Here’s how you can do it:

### Job 1:
- **Salary**: $44,200
- **Nontaxable Benefits**: $4,500
- **Tax Rate**: 28%

1. **Calculate the after-tax salary for Job 1**:
   \[
   \text{After-tax Salary} = \text{Salary} \times (1 - \text{Tax Rate})
   \]
   \[
   \text{After-tax Salary} = 44,200 \times (1 - 0.28) = 44,200 \times 0.72 = 31,824
   \]

2. **Calculate the total monetary value for Job 1**:
   \[
   \text{Monetary Value} = \text{After-tax Salary} + \text{Nontaxable Benefits}
   \]
   \[
   \text{Monetary Value} = 31,824 + 4,500 = 36,324
   \]

### Job 2:
- **Salary**: $40,200
- **Nontaxable Benefits**: $7,080
- **Tax Rate**: 28%

1. **Calculate the after-tax salary for Job 2**:
   \[
   \text{After-tax Salary} = \text{Salary} \times (1 - \text{Tax Rate})
   \]
   \[
   \text{After-tax Salary} = 40,200 \times (1 - 0.28) = 40,200 \times 0.72 = 28,944
   \]

2. **Calculate the total monetary value for Job 2**:
   \[
   \text{Monetary Value} = \text{After-tax Salary} + \text{Nontaxable Benefits}
   \]
   \[
   \text{Monetary Value} = 28,944 + 7,080 = 36,024
   \]

### Final Comparison:
- **Monetary Value of Job 1**: $36,324
- **Monetary Value of Job 2**: $36,024

### Conclusion:
The monetary value of Job 1 is **$36,324**, and the monetary value of Job 2 is **$36,024**. Therefore, Job 1 has a slightly higher monetary value by **$300**.

Would you like any more details or have any questions?

### Related Questions:
1. How would the monetary value change if the tax rate was 25% instead of 28%?
2. What would be the impact if the nontaxable benefits of Job 1 increased by $1,000?
3. How would the comparison change if Job 2's salary was increased by $2,000?
4. What is the break-even nontaxable benefit amount for Job 2 to match Job 1's monetary value?
5. How do changes in tax rates generally affect the attractiveness of jobs with different benefit structures?

### Tip:
Always consider both taxable income and nontaxable benefits when comparing job offers, especially under different tax scenarios.

Bill Mason is considering two job offers. Job 1 pays a salary of $44,200 with $4,500 of nontaxable employee benefits. Job 2 pays a salary of $40,200 and $7,080 of nontaxable benefits. Use a 28 percent tax rate. Calculate the monetary value of each job. Round final answer to nearest whole number.

Discover how to calculate the monetary value of two job offers with different salaries and nontaxable benefits. This example uses a 28% tax rate and involves key algebraic concepts, suitable for high school students in Grades 10-12.

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