To determine which job offers the best annual income, let's analyze the information provided and perform the necessary calculations step-by-step.
Here is what we know from the problem:
### Job 1: Albuquerque, NM
- Salary: [tex]$54,000
- Benefits: $[/tex]2,500 bonuses + health insurance
### Job 2: Ann Arbor, MI
- Salary: [tex]$61,000
- Benefits: Health insurance, $[/tex]401K
To compare the annual incomes considering potential costs of living, we assume any necessary rent and utilities costs might be implicitly included in the given annual salary information. Here are the steps we follow:
1. Calculate Annual Income for Job 1 (Albuquerque):
- Base Salary: [tex]$54,000
- Bonuses: $[/tex]2,500
- Total Annual Income: [tex]$54,000 + $[/tex]2,500 = [tex]$56,500
2. Calculate Annual Income for Job 2 (Ann Arbor):
- Base Salary: $[/tex]61,000
- Total Annual Income: [tex]$61,000
There are no explicit costs for rent and utilities provided. Assume these costs are manageable or covered within the total annual salary for comparison purposes.
### Final Comparison:
- Job 1 (Albuquerque) Final Annual Income: $[/tex]56,500
- Job 2 (Ann Arbor) Final Annual Income: [tex]$61,000
Given these calculations, Job 2 (Ann Arbor, MI) offers a higher annual income compared to Job 1 (Albuquerque, NM).
Thus, Job 2 is a better choice because the annual income after considering there are no explicit costs for rent and utilities provided amounts to $[/tex]61,000 for job 2 and $56,500 for job 1, indicating a higher net benefit for Job 2.
