Use the following information for #1-10.
michael is considering two job offers.
• the manager position pays a salary of $59,000.00 per year and includes two weeks of paid vacation, five sick days per year, paid health insurance and a fully paid retirement plan.
• the technician position pays an hourly wage of $30.00 per hour and includes five vacation days per year, five sick days per year, health insurance costs $35.00 per month, and a retirement plan that costs 1% of after tax income.
the government takes out 6.2% for social security, 1.45% for medicare, and 15% for income tax. assume that michael will take 10 vacation days and five sick days per year.
1,calculate the gross annual income for the technician position.
2,calculate the gross monthly income for the technician position.
3,calculate the after-tax monthly income for the manager position.
4,calculate the after tax monthly income for the technician position.
5,the manager position includes two weeks (10 days) of vacation. calculate the monthly cost for vacation for the manager position. explain how you calculated your answer.
6,calculate the monthly cost of a retirement plan for the technician position
7,calculate the net monthly income for the manager position. recall that "net" means after all deductions are taken, including taxes, health insurance, vacation, sick leave and retirement.
8,calculate the net monthly income for the technician position. recall that "net" means after all deductions are taken, including taxes, health insurance, vacation, sick leave and retirement.