Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations. Job Offer #3- Process Engineer in a mid-size chemical plant for a large international chemicalcompanyDuties include:Supervise plant operating personnelTroubleshoot operational issues as they arisePropose, design and execute small-scale process upgrade projects as the need arisesLocations - Outside of Dayton, OhioSalary - $68,000. Potential for 10% yearly bonus if operational targets for plant production andprofitability are met.Benefits:Full medical with employee contribution of $50/month401K plan with company matching 50% on first 6% of salary contributed to 401KTravel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.State Taxes -State income tax of 5.75%Housing:Apartments in Dayton suburbs (3-10 miles to work): $800 for 1-bedroom (900 sq ft)Rental Home in Dayton suburbs (3-10 miles to work): $1300 for 3-bedroom (2000 sq ft) Job Offer #1 - Research Associate in a small private bioengineering research & development companyDuties:Assist in operations of pilot plant equipment (may require extended periods of time ofweekend and shift work).Scale-up bench-scale processes to small pilot scalePerforming routine molecular biology duties such as DNA and RNA extractionLocations - Cambridge, MASalary - $70,000; Potential stock options after 2 years of employmentBenefits:Full medical with employee contribution of $100/month401K plan with no matching company fundsTravel Requirements - 5-10% maximumState Taxes - State income tax of 5.3%Housing:Apartments in Cambridge / Boston: $2300/month for 1-bedroom (900 sq ft)Apartments in northern Boston suburbs - $1800/month for 2-bedroom townhouse (1300sq ft)Job Offer #2 – Associate Process Engineer for a large engineering & construction companyDuties include:Perform process engineering calculations (e.g. equipment sizing, process simulations, etc.)as assignedCreate support documentation for project designParticipate in plant start-upsLocations - Houston, TexasSalary - $74,000. No potential for stock options.Benefits:Full medical with employee contribution of $250/month•401K plan with company matching 50% on first 6% of salary contributed to 401KTravel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.State Taxes - NoneHousing:Apartments in metro Houston (3-5 miles to work): $1500/month for 1-bedroom (900 sq ft)Apartments in Houston suburbs (25 miles to work)- $1150/month for 2-bedroomtownhouse (1000 sq ft)

Decision Making-Decision-making is a fundamental managerial skill that involves making choices…

Answered: Among these 3 jobs offer which one has…

Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter2: Career Planning

Section: Chapter Questions

Problem 1DTM

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Question

Among these 3 jobs offer which one has more benefits and negative impacts for each position including the financial analysis. Make calculations in addition with explanations.

Job Offer #3- Process Engineer in a mid-size chemical plant for a large international chemical
company
Duties include:
Supervise plant operating personnel
Troubleshoot operational issues as they arise
Propose, design and execute small-scale process upgrade projects as the need arises
Locations - Outside of Dayton, Ohio
Salary - $68,000. Potential for 10% yearly bonus if operational targets for plant production and
profitability are met.
Benefits:
Full medical with employee contribution of $50/month
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes -State income tax of 5.75%
Housing:
Apartments in Dayton suburbs (3-10 miles to work): $800 for 1-bedroom (900 sq ft)
Rental Home in Dayton suburbs (3-10 miles to work): $1300 for 3-bedroom (2000 sq ft)

Job Offer #1 - Research Associate in a small private bioengineering research & development company
Duties:
Assist in operations of pilot plant equipment (may require extended periods of time of
weekend and shift work).
Scale-up bench-scale processes to small pilot scale
Performing routine molecular biology duties such as DNA and RNA extraction
Locations - Cambridge, MA
Salary - $70,000; Potential stock options after 2 years of employment
Benefits:
Full medical with employee contribution of $100/month
401K plan with no matching company funds
Travel Requirements - 5-10% maximum
State Taxes - State income tax of 5.3%
Housing:
Apartments in Cambridge / Boston: $2300/month for 1-bedroom (900 sq ft)
Apartments in northern Boston suburbs - $1800/month for 2-bedroom townhouse (1300
sq ft)
Job Offer #2 – Associate Process Engineer for a large engineering & construction company
Duties include:
Perform process engineering calculations (e.g. equipment sizing, process simulations, etc.)
as assigned
Create support documentation for project design
Participate in plant start-ups
Locations - Houston, Texas
Salary - $74,000. No potential for stock options.
Benefits:
Full medical with employee contribution of $250/month•
401K plan with company matching 50% on first 6% of salary contributed to 401K
Travel Requirements - Ability to travel and go on field assignments for periods of 3-6 months.
State Taxes - None
Housing:
Apartments in metro Houston (3-5 miles to work): $1500/month for 1-bedroom (900 sq ft)
Apartments in Houston suburbs (25 miles to work)- $1150/month for 2-bedroom
townhouse (1000 sq ft)

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