You are considering two job offers: a full-time permanent position that pays $58,000 annually and a full-time contract job that pays $32 per hour. What is the gross annual income, gross monthly income, and the after-tax monthly income for each job offer? Use the information for calculating income, taxes, and costs that Kafi used in the lesson (Social Security 6.2%, Medicare 1.45%, and Federal 15%). The contract job is self-employment, which is taxed an addition 7.65% of gross income. Job: Permanent Position Contract Position Income Information $58,000 per year $32 per year Gross annual income     Gross monthly income     After-tax monthly

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