2. Kay is trying to decide between two job offers. The compensation package for Job A includes B0% of the cost of a $300 per month health insurance plan, 90% of the cost of a $40-per-month life
insurance plan, a salary of $65,000 per year and a 5% match on 401(k) contributions. The
compensation package for job B Includes 70% of the cost of a $100-per-month health Insurance plan,
80% of the cost of a $60-per-month life insurance plan, a salary of $64,000 per year, and a 10% match
on 401(k) contributions. Kary plans to contribute $8000 per year to her 401(k) plan. (7 points: Part1 - 2
points: Part II - 2 points: Part ill - 2 points: Part IV-1 point)
Part I: What is the yearly value of the health insurance benefit from job A? How about the yearly value
of the health insurance benefit from job B?