Bill Mason is considering two job offers. Job 1 pays a salary of $38,800 with $5,016 of nontaxable employee benefits. Job 2 pays a salary of $36,900 and $6,180 of nontaxable benefits. Use a 15 percent tax rate. Calculate the monetary value of each job. Which position would have the higher monetary value?

Bill Mason is considering two job offers. Job 1 pays a salary of $38,800 with $5,016 of nontaxable employee benefits. Job 2 pays a salary of $36,900 and $6,180 of nontaxable benefits. Use a 15 percent tax rate. Calculate the monetary value of each job. Which position would have the higher monetary value?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter9: Deductions: Employee And Self- Employed-related Expenses

Section: Chapter Questions

Problem 49P

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