Answer :
Let's analyze the comparison step-by-step to determine which job offer is better based on the annual income after housing and utility costs.
### Job 1: Seattle, WA
1. Salary: [tex]$78,000 2. Benefits: $[/tex]4,000
3. Average Monthly Rent & Utilities: [tex]$1,000 4. Annual Rent & Utilities: - Monthly: $[/tex]1,000
- Annual: [tex]$1,000 * 12 = $[/tex]12,000
5. Total Income (Salary + Benefits):
- [tex]$78,000 (salary) + $[/tex]4,000 (benefits) = [tex]$82,000 6. Net Income (Total Income - Annual Rent & Utilities): - $[/tex]82,000 (total income) - [tex]$12,000 (annual rent & utilities) = $[/tex]70,000
### Job 2: Silicon Valley, CA
1. Salary: [tex]$100,000 2. Benefits: $[/tex]2,500
3. Average Monthly Rent & Utilities: 401 K (or approximately [tex]$33,416.67 per month as $[/tex]401,000 / 12)
4. Annual Rent & Utilities:
- Monthly: approximately [tex]$33,416.67 - Annual: $[/tex]33,416.67 * 12 = [tex]$401,000 5. Total Income (Salary + Benefits): - $[/tex]100,000 (salary) + [tex]$2,500 (benefits) = $[/tex]102,500
6. Net Income (Total Income - Annual Rent & Utilities):
- [tex]$102,500 (total income) - $[/tex]401,000 (annual rent & utilities) = -[tex]$298,500 ### Conclusion: 1. Job 1: Seattle, WA - Annual Income After Housing and Utilities: $[/tex]70,000
2. Job 2: Silicon Valley, CA
- Annual Income After Housing and Utilities: -$298,500
Based on the net income after housing and utility costs, Job 1 in Seattle, WA is a significantly better choice. Despite the higher salary and benefits offered by Job 2 in Silicon Valley, CA, the excessively high cost of housing and utilities results in a substantial negative net income. Therefore, Job 1 offers a more favorable financial outcome.
### Job 1: Seattle, WA
1. Salary: [tex]$78,000 2. Benefits: $[/tex]4,000
3. Average Monthly Rent & Utilities: [tex]$1,000 4. Annual Rent & Utilities: - Monthly: $[/tex]1,000
- Annual: [tex]$1,000 * 12 = $[/tex]12,000
5. Total Income (Salary + Benefits):
- [tex]$78,000 (salary) + $[/tex]4,000 (benefits) = [tex]$82,000 6. Net Income (Total Income - Annual Rent & Utilities): - $[/tex]82,000 (total income) - [tex]$12,000 (annual rent & utilities) = $[/tex]70,000
### Job 2: Silicon Valley, CA
1. Salary: [tex]$100,000 2. Benefits: $[/tex]2,500
3. Average Monthly Rent & Utilities: 401 K (or approximately [tex]$33,416.67 per month as $[/tex]401,000 / 12)
4. Annual Rent & Utilities:
- Monthly: approximately [tex]$33,416.67 - Annual: $[/tex]33,416.67 * 12 = [tex]$401,000 5. Total Income (Salary + Benefits): - $[/tex]100,000 (salary) + [tex]$2,500 (benefits) = $[/tex]102,500
6. Net Income (Total Income - Annual Rent & Utilities):
- [tex]$102,500 (total income) - $[/tex]401,000 (annual rent & utilities) = -[tex]$298,500 ### Conclusion: 1. Job 1: Seattle, WA - Annual Income After Housing and Utilities: $[/tex]70,000
2. Job 2: Silicon Valley, CA
- Annual Income After Housing and Utilities: -$298,500
Based on the net income after housing and utility costs, Job 1 in Seattle, WA is a significantly better choice. Despite the higher salary and benefits offered by Job 2 in Silicon Valley, CA, the excessively high cost of housing and utilities results in a substantial negative net income. Therefore, Job 1 offers a more favorable financial outcome.